Massachusetts property owners need better protections
By: Colin Allen, Executive Director of the American Property Owners Alliance, and Jim Manley, State Legal Policy Deputy Director at Pacific Legal Foundation
Jul 17
In several states, local governments are authorized to take beyond what is owed in property taxes when a homeowner falls behind. Known as home equity theft, this practice robs homeowners of the wealth they’ve built over a lifetime. In fact, it’s happening right here in Massachusetts, despite a recent Supreme Court ruling holding the practice unconstitutional.
According to a recent study by Pacific Legal Foundation, homeowners in Massachusetts lose an average of 82% of their equity to this tax foreclosure policy. For the 315 Massachusetts homes in Pacific Legal Foundation’s dataset, households lost a total of $48 million, with the average homeowner losing more than 15 times the debt they owed.
Read the full article in the The Boston Herald
About the American Property Owners Alliance
The American Property Owners Alliance (The Alliance) is a nonpartisan, non-profit organization created to protect and support property owners and pave the way for future property owners. Our mission is to educate property owners about federal issues, laws and policies; to advocate for owners’ rights and interests; and to mobilize, when necessary, to secure those rights and interests.
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