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

kenneth416 Wrote: Feb 25, 2013 9:48 AM
A sad commentary on a once-fine city. When the people themselves have given up and refuse or are unable to pay their property taxes, I am not sure that there is a solution. Bankruptcy may be the best option, but the core problem will still exist.

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...