Tag Archives: foreclosures

Study looks at effect of high foreclosure rates on local tax bases

AUBURN – Foreclosed homes and unsustainable growth can wreck the tax base of local governments. That’s the warning being issued by Auburn University’s Center for Governmental Services following its study of newly released U.S. Census Bureau data on housing unit growth.

Auburn researchers compared housing data from the states of Alabama and Georgia to gauge the effects of the recession and its real estate bubble on property taxes that fund local governments and their services.

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