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Homeowners escape property tax by rebuying homes at auction

http://www.detnews.com

It's legal. But that doesn't mean it's fair, said homeowner Marilynn Alexander, who lives on Fairmount next door to one of Cusimano's rentals. The landlord owed $26,200 in taxes and other fees on the bungalow, but bought it back in October for $1,051. "He shouldn't be able to get away with that," said Alexander, a 57-year-old laundry worker who said she scrapes together every year her $1,500 in property taxes at the house where she's lived for 20 years. "That's not a fair break to anybody else out here."

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Created by phonon 2 years 32 weeks ago – Made popular 2 years 32 weeks ago
Category: Taxes, Fees & Fines   Tags:
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