I thought counties enforced property tax payments. They can even foreclose and sell the property for unpaid taxes. Some investors buy these properties and flip them.
I could be wrong about thhis state. Not sure.
It will be in the trillions when all is said and done.
Not to worry. BlackRock will step in and buy them for pennies on the dollar.
New York Attorney General Letitia James criticized those fees back in December 2020 for having the ability to “quickly turn a relatively small tax lien into an overwhelming financial burden, eventually pushing homeowners into foreclosure.”
She cited the mandatory 5% surcharge, legal fees, and a 9% or 18% interest rate that compounds daily, according to Bloomberg.
I would wager that they already have, or soon will, jack Trump’s property taxes up.
And furthermore, if he didn’t pay his taxes we know darn well they would foreclose the second it became legal.
Selective prosecution is a violation of the constitution but the agencies responsible for enforcing laws and constructional protections are the same people violating them.
City officials have blamed the rise in unpaid property taxes on the end of a tax-lien sales program that punished delinquency during the pandemic, according to Bloomberg.
The program expired in March 2022 and wasn’t reauthorized by the City Council,
who cause the problem?
was a guy here had ~15 properties that were always all delinquent, he’d put the tax money into cd’s and wait till they were going to go up for auction and then pay them off
they finally shortened the grace period and put a stop to it
I THINK it was Detroit that literally bulldozed the houses off thousands of lots in areas of town that had become so crime ridden nobody would live there.
When that happened, no rent or mortgage payments were happening. When that happened foreclosure came. Now, the City found itself owning property that NO ONE on earth wanted. Then, and only then, did it dawn on the Democrats that CRIME policy mattered. NYC is up to the plate next!
That's basically just inflation. In real terms, there's been hardly any increase. Click bait article.
Plan For Massive Toll To Drive In New York State Approved
The headline is misleading. The story is about congestion pricing in NYC.
Apparently, they plan for Trump to make up most of the losses. All they need is one more rich conservative to go after and they can collect the rest needed. Conservative NY businessmen, are you paying attention?
A close second to soul-crushing tyranny, the other basic flaw of communism is it’s failure to acknowledge — much less to accept — normal human behavior.