Showing posts with label tax fraud in Georgia. Show all posts
Showing posts with label tax fraud in Georgia. Show all posts

Saturday, January 24, 2009

Tax Fraud by Georgia Corporate Investors?


Home properties are selling for huge prices but smaller tax amounts are being paid. Why? 

In local Georgia news, this has been an ongoing investigation. Por ejemplo: a townhouse in Decatur, Georgia, was sold for $624 thousand dollars, but the tax amount being paid on the home is as if it sold for $75 thousand dollars! Of course the tax payment would be considerably lower on a $75 thousand dollar home, verses a $624 thousand dollar home. 

Another home in Georgia sold for $554 thousand dollars, but taxes are being paid on the home as if it sold for $105 thousand dollars! Does this not strike anyone as odd?

The assessors should investigate the personal investments and the living locations and/or addresses, of family and friends of the people who are in charge of making these huge "so-called" tax mistakes. 

Obviously, I don't believe these are mistakes but I do believe this situation happened due to greed and personal gain, if not directly than definitely indirectly. The value of the homes should be checked along with the actual prices paid.

Kudos to local Georgia news reporters for jumping on this matter. 

The Things That Make You Go Hmmmmm...

2009 LA