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No foreclosure crisis in sight but property tax revenues still falling

from Forbes

No foreclosure crisis in sight but property tax revenues still falling Forbes Cities and counties are predicting a drop in their property tax revenues over the next year, a phenomenon that's rare in recessions and never in the modern era has it occurred so quickly. Among counties, 27% reported reduced property tax collections through the first half of this year and even more — 43% — expect shortages to surface over the next year, according to a National Association of Counties survey. READ MORE

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