Counties Engaged In Tax Fraud? The Market Ticker ® - Commentary on The Capital Market

Discussion in 'Wall St. News' started by hippie, Feb 7, 2011.

  1. Last spring, Morris filed suit against the Fulton County Board of Tax Assessors, alleging the county inflated values in scores of neighborhoods by using foreclosures seizures as comparable sales. The seizures, termed credit-bid sales, represent not money changing hands, but unpaid mortgages when a bank takes over a house. He also says appraisers are disregarding valid sales and arbitrarily setting neighborhoods' average prices.