The City of Racine assessors have been grossly over assessing properties, not taking into consideration the housing bubble burst. The result is that 5 major businesses are taking their assessment into the State of Wisconsin appeals courts. If they win, which they should, according to George Meyers, the City Taxpayers will get hit with hundreds of thousands of dollars in property tax refunds. The City could have avoided the lawsuits by simply having engaged in honest property assessments.
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