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A new study found that Black homeowners pay 10-13% more in property tax than white homeowners.
"The reason? Black-owned homes were usually assessed at higher values, relative to their actual sale price, than white-owned homes." (from @1a)https://the1a.org/segments/higher-property-taxes-homeownership-costs-more-for-black-families/ …
Homeownership is the principal source of wealth for most American families. Decades of racist policies designed to lock Black people out of homeownership have contributed to the Black-white racial wealth gap. We have the details in our report.https://tminstituteldf.org/publications/the-black-white-racial-wealth-gap/ …
The COVID-19 pandemic has only increased the severity of many of our nation's housing problems. 32% of households missed their housing payments in July. Widespread loss of housing will only worsen the pandemic as people lose the ability to socially distance & isolate.pic.twitter.com/awOMEPp0RV
We must act now. As evidenced by the 2008 housing crisis, Black households are at risk of suffering additional economic losses. Our updated bulletin breaks down what we must do to protect vulnerable homeowners and renters. https://bit.ly/2ZpPWq4 pic.twitter.com/PnaVJX4c6W
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