When a county seizes a home, who should keep the equity
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| | When a county seizes a home over taxes, who should get to keep the equity? |
The U.S. Supreme Court is scheduled to hold oral arguments Wednesday on a property rights case involving a Minnesota woman who had her condominium seized and sold by Hennepin County after she failed to pay five years of property taxes.
At issue is who has the right to the remaining $25,000 leftover from the sale. Lawyers for Geraldine Tyler argue the equity should go to her.
But Hennepin County officials say the issue isn’t that simple. They argue the government loses money on tax-forfeited properties because they have to maintain and prepare it for sale.
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| | Free tuition, school funding at issue as MN lawmakers iron out budget bills |
Minnesota lawmakers this week will start finalizing a package of more than $70 billion in budget bills.
The Minnesota House and Senate have been busy passing massive budget bills over the last couple of weeks. And now conference committees will have to iron out differences between the bills and advance compromise proposals.
The individual budget provisions span hundreds of pages and determine how the state will spend tens of billions of dollars.
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