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Half of Detroit Properties Have Not Paid Taxes; Update on Detroit Bankruptcy

bbtruth Wrote: Feb 25, 2013 9:29 AM
They are holding out for their bailout, I'm sure.

The hollowing out of Detroit is nearly complete. All that's left is a bankrupt shell of a city with no services and scattered citizens that do not pay taxes.

The Detroit News reports Half of Detroit Property Owners Don't Pay Taxes

Nearly half of the owners of Detroit's 305,000 properties failed to pay their tax bills last year, exacerbating a punishing cycle of declining revenues and diminished services for a city in a financial crisis, according to a Detroit News analysis of government records.

The News reviewed more than 200,000 pages...