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Detroit Expected $55 Million in Property Tax Revenue; It Brought in $6.7 Million
Capitol Confidential ^
| 8/27/2014
| Jarrett Skorup
Posted on 08/27/2014 1:19:59 PM PDT by MichCapCon
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To: MichCapCon
2
posted on
08/27/2014 1:24:02 PM PDT
by
shove_it
(long ago Orwell and Rand warned us of Obama's America)
To: MichCapCon
"Missed it by that much."
3
posted on
08/27/2014 1:26:13 PM PDT
by
dfwgator
To: MichCapCon; a fool in paradise
Missed it by.. that much!
4
posted on
08/27/2014 1:26:51 PM PDT
by
GeronL
(Vote for Conservatives not for Republicans)
To: MichCapCon
“In many cases, the city is carrying assessments for properties that are blighted or abandoned and those amounts go into making up that $55”
And these blighted properties were in tip top shape as recently as last year.
5
posted on
08/27/2014 1:27:53 PM PDT
by
Attention Surplus Disorder
(At no time was the Obama administration aware of what the Obama administration was doing)
To: GeronL
Sounds like Brak O’bama’s employment estimates.
6
posted on
08/27/2014 1:28:37 PM PDT
by
a fool in paradise
(ISIS has started up a slave trade in Iraq. Mission accomplshed, Barack, Mission accomplished.)
To: GeronL
You’ve been too busy on those Ukraine threads.
7
posted on
08/27/2014 1:28:41 PM PDT
by
dfwgator
To: MichCapCon
The people of Detroit should sue the Democrat Party. They caused this, and they have LOTS of money.
8
posted on
08/27/2014 1:33:39 PM PDT
by
blueunicorn6
("A crack shot and a good dancer")
To: MichCapCon
“...juuust a bit outside...”
9
posted on
08/27/2014 1:36:17 PM PDT
by
RckyRaCoCo
(Shall Not Be Infringed)
To: blueunicorn6
10
posted on
08/27/2014 1:38:27 PM PDT
by
cripplecreek
("Moderates" are lying manipulative bottom feeding scum.)
To: MichCapCon
Exceptionally difficult to tax a stone once it has been bled dry.
11
posted on
08/27/2014 1:39:33 PM PDT
by
rjsimmon
(The Tree of Liberty Thirsts)
To: dfwgator
Jeez, the 10 -15% who actually paid their property tax must feel stupid that they are carrying the rest. Or perhaps that group are those who have a mortgage which is up to date and the mortgage company paid out of escrow?
12
posted on
08/27/2014 1:40:05 PM PDT
by
House Atreides
(ANOTHER CONSERVATIVE REPUBLICAN FOR CHILDERS 2014 .... Don't reward bad GOPe behavior.)
To: MichCapCon
13
posted on
08/27/2014 1:42:01 PM PDT
by
Slyfox
(Satan's goal is to rub out the image of God he sees in the face of every human.)
To: MichCapCon
"While there are surely many possible explanations for the extremely low yield of the property tax recently observed for Detroit, the fact remains that a 10 to 15 percent collection rate for the city's property tax compares to that in many third world cities," Inman said. "And perhaps for third world reasons: abandoned properties, declining values and thus an inability to pay, and finally, simply tax cheating. Detroit has its work cut out for it."Hey, let's bail out Detroit again. Those poor citizens lost the property tax money at the 3 casinos downtown. Unaccountable citizens in an unaccountable incorporated city...a socialist utopia. Governor $nyder please give them more of our hard-earned money. /sarc
14
posted on
08/27/2014 1:42:20 PM PDT
by
PGalt
To: MichCapCon
Is it politically correct to say war zone and bankrupt in the same sentence?
15
posted on
08/27/2014 1:42:41 PM PDT
by
tennmountainman
(True conservatives don't like being rained on by their own party!)
To: Slyfox
Thanks, Slyfox. That pic represents the root cause of Detroit’s demise. 47 years after the ‘67 riots and we recently bottomed out from the greatest criminal in Michigan history, King Kwame.
UN
FRIKKEN
BELIEVABLE
16
posted on
08/27/2014 1:46:09 PM PDT
by
PGalt
To: MichCapCon
That’s only 13% of what they expected! How can they survive even for another month if they are that far off in their projections?
17
posted on
08/27/2014 1:46:48 PM PDT
by
jocon307
To: blueunicorn6
Actually the people of Detroit caused this......and they are getting what they deserve.....at least the one’s still there are!!!
18
posted on
08/27/2014 1:47:17 PM PDT
by
ontap
To: MichCapCon
And yet the state just keeps pouring money into that dump to try to “save” it.
To: MichCapCon
I predict the same type of secenario for the IRS next year
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