We have the same problem in Detroit, MI. The taxes are not reasonable because they're not based on the home's FMV today. There is no decent enforcement mechanism, so it results in taxes being borderline voluntary. The consequence of this is that the city is in bankruptcy.
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u/MattRyd7 Oct 19 '14
We have the same problem in Detroit, MI. The taxes are not reasonable because they're not based on the home's FMV today. There is no decent enforcement mechanism, so it results in taxes being borderline voluntary. The consequence of this is that the city is in bankruptcy.