Indiana House Wrongly Valued at $400 Million
An AP newswire article, via Yahoo! News, reports that:
A house erroneously valued at $400 million is being blamed for budget shortfalls and possible layoffs in municipalities and school districts in northwest Indiana.
An outside user of Porter County's computer system may have triggered the mess by accidentally changing the value of the Valparaiso house, said Sharon Lippens, director of the county's information technologies and service department. The house had been valued at $121,900 before the glitch.
County Treasurer Jim Murphy said the home usually carried about $1,500 in property taxes; this year, it was billed $8 million.
The homeowner, Dennis Charnetzky, declined to comment about the situation to The Associated Press on Friday.
posted by Fergie @ 2/11/2006 09:24:00 AM
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