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Post by PaulKay on Apr 24, 2023 9:43:07 GMT -5
This is an editorial by George Will at the Washington Post about something I was not aware of until I read it. The short story is that state like Minnesota have laws in place that allow them to keep the entire value of property seized due to tax liability. Even if it is far in excess of the amount owed. Here's the fixed link to the editorial
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Post by james on Apr 24, 2023 10:05:53 GMT -5
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Post by PaulKay on Apr 24, 2023 10:28:55 GMT -5
It only goes to reinforce the adage that you never really own property, you just rent it from the state. It you don't think so, just stop paying the taxes. It's just rent paid annually.
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Post by Marshall on Apr 24, 2023 12:33:05 GMT -5
Damn Communists !
We need to Make Minnesota Great Again !
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Post by drlj on Apr 24, 2023 14:02:48 GMT -5
Damn Communists ! We need to Make Minnesota Great Again ! The state motto is, “Minnesota. Good Enough!”
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Post by aquaduct on Apr 24, 2023 14:06:42 GMT -5
Sure. Now suddenly y'all agree with me.
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Post by TKennedy on Apr 24, 2023 16:10:04 GMT -5
From the comment section of the article -
This is an extremely dishonest summary of the facts in this case, and the stakes. The homeowner in this case initially took no steps to try to recover the equity in her home after abandoning it, because in addition to the unpaid taxes, she owed $48,000 on her mortgage and $11,000 in dues to her condo association. There is no possible decision or opinion in this case that puts one dime in Geraldine Tyler's pocket.
The Minnesota tax forfeiture law in question provides multiple opportunities to avoid a tax foreclosure; the simplest would be to stipulate to a judgment for the amount of tax owed, which would have then given the homeowner 10 years to pay the judgment. This would have allowed her to attempt to sell the condo and recover her equity. The fact that she did not do that probably reflects a clear-eyed assessment of the fact that she would have been doing so only for the benefit of her mortgage holder and the condo association.
The amici curiae in this case reveal the real stakes here: in addition to the supposedly public-minded PLF, Ms. Tyler's case is being supported by a murderers' row of anti-tax lobbying organizations, right wing think tanks, and realtors' associations. Their concern is not with the right of homeowners to be free from takings, but the ability of financial institutions to essentially force counties to foreclose on abandoned properties through inaction on their own liens, and then recover any surplus equity as a matter of law.“
More good stuff in the comment section. Not quite as cut and dried as George would want his readers to think. I am going to dig a little deeper on this story.
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Post by Russell Letson on Apr 24, 2023 16:23:32 GMT -5
It's always necessary (if often distasteful or annoying) to read the comments on horror stories--and doubly so for op-eds, and double-again for Will. Fortunately, George has inspired a following of fact-checkers and rhetoric-deflaters.
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Post by jdd2 on Apr 24, 2023 18:39:50 GMT -5
On the state level, there are four MAGA states, four MIGA states, three MOGA states, and one MUGA state.
(and unfortunately, no MEGA states)
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