July 1, 2012 — Report

Local governments are facing financial pressures that necessitate a steady stream of tax revenue. Yet, many homeowners have been negatively affected by the difficult economic times. This report looks at ways in which local governments can assist homeowners who justifiably have payment problems, without also increasing the cost of collection or limiting tax revenues. Most importantly, property tax collection procedures should encourage repayment rather than property loss, and they should not provide an opportunity for speculators to gain huge profits off homeowners in distress.