This 70-Year-Old Woman Might Lose Her $377,000 Home Over a Small Tax Debt
The Supreme Court supposedly put an end to “home equity theft” last year. But some state and local governments have found a loophole.
The Supreme Court supposedly put an end to “home equity theft” last year. But some state and local governments have found a loophole.
The "Taxpayers Bill of Rights" requires that the state return excess revenue to taxpayers. A ballot question could change that.
Detroit Mayor Mike Duggan argues that shifting taxes from homes to the land they sit on will encourage development and cut taxes for most homeowners. Local property tax activists aren't convinced.
Plus: Home equity theft at the Supreme Court, New York shows how not to legalize marijuana, and more...
Geraldine Tyler's case is not unique; home equity theft is legal in Minnesota and 11 other states.
Taxpayers spent about $500 million to build U.S Bank stadium, which is just seven years old.
The Supreme Court has agreed to hear 94-year-old Geraldine Tyler's case challenging home equity theft.
When taxing authorities get more resources and power, they will find ways to make everyone pay more.
The Spanish text contains inaccurate translations of technical tax language and direct translations of phrases like "school resource officers," which could confuse voters.
Tawanda Hall's house was worth $286,000 more than her overdue tax bill. There was nothing she could do about it.
Wealth tax proponents claim only super rich people would be affected. But to raise the revenue Warren, Sanders, and Biden want, they'd have to tax the "working rich"—doctors, lawyers, and other hardworking high earners.
After failing at the one thing people think they need from government, Minneapolis is getting tough on making damaged citizens pay up.
Officials in Oakland County, Michigan, are worried they could be on the hook for more than $30 million in payments to former homeowners victimized by an aggressive forfeiture scheme.
The Court unanimously ruled such a tax "forfeiture" qualifies as a taking for which compensation must be paid.
Uri Rafaeli was one of hundreds of Michigan homeowners to be victimized by the state's overly aggressive property tax forfeiture law.
"You have a situation where a person owed $8 and lost their house. I mean, how is that equitable?" asked Michigan Supreme Court Justice Richard Bernstein.
A state law allows counties to effectively steal homes over unpaid taxes and keep the excess revenue for their own budgets.
Californians' tax rates are among the nation's highest in almost every category, but their property tax levels have remained reasonable. That could change soon.
San Francisco encourages homelessness by limiting housing, offering generous welfare, and failing to enforce basic laws.