Report finds $860 million lost in homes seized by government

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Report Finds $860 Million Lost in Homes Seized by Government - The Ohio Star

by Brett Rowland   Local governments or lienholders have taken more than 8,950 homes with more than $860 million in equity from 2014 to 2021 under laws that allow them to seize properties for unpaid property taxes, according to a new report. Pacific Legal Foundation, which is working to ban the practice, found that taking property to pay property tax debts can be ruinous for people with small tax debts. “For tax debts of less than 1% of a proper…