High Tax Assessments Possible Cause for Growing Foreclosure Rate

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Tagged with: assessments Constitution Detroit foreclosure rate limit Michigan property values About Author: Dean Terrell Subscribe Demand Propels Home Prices Upward 2 days ago According to an article from The Washington Post, high assessments may be to blame for Detroit, Michigan’s foreclosure crisis. Two college professors, Bernadette Atuahene and Tim Hodges, published a study making the case that the property tax on thousands of homes’ were illegally assessed. In 2015, Detroit had one of the highest foreclosure rates at 3,949 foreclosures per 100,000 people.In an article from Detroit Free Press, Atuahene cited data from her previous study titled “Stagegraft” last year showing a consistent rate of tax assessments higher than what the Michigan State Constitution allows from 2009-2015. “In our study, we find that Detroit’s assessor is flagrantly violating this vital state constitutional provision” Atuahene told the Press.The Michigan constitution states homes cannot be assessed at more than 50 percent of its market value. However, data from Atuahene’s most recent report suggests that between 55 and 85 percent of homes were assessed well above the legal amount from 2008 to 2015, according to the Post. More than 160,000 homes have been foreclosed on in Detroit since 2002.Another important detail is how certain properties were targeted based on property values. Data showed cheaper properties were more likely to be assessed higher than the more expensive ones. In an interview, Atuahene states “We found in [the lowest priced homes] 95 percent or more were being assessed in violation of the Michigan constitution. But when you get to the highest valued homes, only 13 percent were assessed in violation.”In the article from the Post, Detroit Chief Assessor Alvin Horhn disputed the findings of the more recent study which is planned to be published next year. “Much of the data does not meet the standards of the State Tax Commission. Therefore its findings would not be applicable under Michigan law” Horhn told the Post. The Best Markets For Residential Property Investors 2 days ago Previous: Big Banks and FinTech: Do American Consumers Want Both? Next: Fannie Mae Makes Fifth Sale of Reperforming Loans High Tax Assessments Possible Cause for Growing Foreclosure Rate assessments Constitution Detroit foreclosure rate limit Michigan property values 2017-10-11 Dean Terrell in Daily Dose, Featured, Foreclosure, Journal  Print This Post The Best Markets For Residential Property Investors 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago October 11, 2017 1,658 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily Home / Daily Dose / High Tax Assessments Possible Cause for Growing Foreclosure Ratelast_img read more

Scottish Esports League season one to start soon with multiple titles

first_imgSeason one of Esports Scotland’s Scottish Esports League (SEL) is due to start soon, with multiple publishers backing the programme and various titles set to play out throughout the season.The confirmed games so far for SEL Season 1 are:-CS:GO (PC)Splatoon 2 (Switch)Plenty more titles will be announced in due course.The grassroots esports league pits players and teams against each other to accrue points depending on placements in their specific game, with top teams and players to a LAN final in Edinburgh on 6-7th October, where overall winners will be crowned. The finals will also feature Q&As, stalls and live music for the Scottish esports community.The Scottish Esports League also has the backing of both Nintendo and Ubisoft, who are offering merchandise and prizes for competitors.A full announcement for the SEL took place tonight in a live stream from Esports Scotland with the league starting next week on Wednesday 28th March and Thursday 29th March with CS:GO and Splatoon 2 respectively. They will be creating a monthly Esports Scotland Show to showcase their tournaments and provide profiles of players, teams, and all the important people involved with the Scottish Esports League.In a statement released by SEL, it was said that “SEL has been designed, first and foremost, to raise awareness and promote grassroots esports in Scotland. There are little to no professional esports teams in Scotland. We want to change this and the first step is SEL.”To find out more about the Scottish Esports League, head over to the official Esports Scotland website.Esports insider says: This is a great step forward for grassroots esports in Scotland, and the promised abundance of titles available during season one make it a big opportunity for the esports community in Scotland.last_img read more

Don Schmitt, 80, Winfield: Nov. 14, 1933 – Nov. 26, 2013

first_imgDon SchmittDon Schmitt, of Winfield, died Tuesday, November 26, 2013 in Winfield at the age of 80.Donald was born the son of Maxine (Cox) and Carroll Pete Schmitt on November 14, 1933 in Salina.Donald served in the United States Army during the Korean War. He will be miss by all that knew him.Survivors include daughters, Melisa Carmicheal and her husband Robert of South Haven, Dana Keithley of Winfield, granddaughters, Michelle Decaire and her husband Andy of Washington State, Mandy Curry and her husband Bryan of Casa Grande, Arizona, grandsons, Crew and Kalon DeVine of Washington State.He was preceded in death by his parents and brother Dick Schmitt.A private Inurnment will take place at the Geuda Springs Cemetery, Geuda Springs. Cremation has taken place.Memorials have been established in his loving memory with Cowley County Humane Society, 7648 222nd road, Winfield 67156. Contributions can be mailed or left with the funeral home.To share a memory or leave condolences, please visit www.dayfuneralhome.info.Arrangements are by Day Funeral Home & Crematory, Wellington.last_img read more