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Fairfield Citizen

Tuesday, June 18, 2013

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Letter: Delinquents editorial way off base

11:49 am, Wednesday, February 27, 2013 -- Delinquent taxpayers are assessed interest rates of 18 percent on unpaid taxes. If Fairfield has $1 million in delinquent property taxes, they can (and do) simply sell municipal bonds at less than 3 percent for the amount of delinquency. Tax sales are only triggered when the value of the debt...

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