$600M Property Tax Overcharge Is Eroding Detroit's Black Homeownership

African-American homeowners in Detroit don't just face lingering damage from the 2008 recession. The city is suffering from a foreclosure crisis after overcharging homeowners $600 million in property taxes.
CORRECTION: The estimation that Detroit owns 1/3 of all property through the Detroit Land Bank was quoted in error. The more accurate estimate is that the Land Bank represents 1/4 of the total property of the city.
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