Unpaid real estate taxes dip
Figures don’t indicate real estate upswing, expert says
Saturday, February 6, 2010
The sum of delinquent real estate property taxes in Benton and Washington counties decreased last year, but an authority on area economics said that doesn’t signal brighter days for Northwest Arkansas’ real estate market.
Delinquent real estate taxes dropped 16.4 percent in Benton County and 2.3 percent in Washington County, according to tax collectors.
Kathy Deck, director of the University of Arkansas’ Center for Business and Economic Research, said moreproperties went into foreclosure with the recession, which began in late 2007, and banks pay taxes on that property.
“It’s always wonderful news that people are paying their taxes, but this is not the piece of information that tells us we’ve turned the corner,” Deck said ...
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Northwest Arkansas, Pages 7 on 02/06/2010
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