How Highballed and Homeless: Disproportionate Property Tax Assessments Impact Senior HomeOwners
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How Highballed and Homeless: Disproportionate Property Tax Assessments Impact Senior HomeOwners
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"Highballed and Homeless: Disproportionate Property Tax Assessments," outlines a critical issue where property taxes are weaponized against often vulnerable homeowners, especially seniors and minorities, through over-assessed property values.
This practice, known as "highballing," artificially inflates tax bills, making them unaffordable for those on fixed incomes and ultimately leading to tax foreclosures. The source highlights that, in many cases, states seize homes and keep all surplus proceeds from tax sales, effectively stripping homeowners of their accumulated equity and generational wealth.
This disproportionate impact on minority communities is evident in various "hotspot" states, necessitating policy recommendations such as banning surplus seizure and implementing tax caps to protect at-risk populations. The document concludes by calling for urgent reform to address this crisis of human dignity and systemic injustice.
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