‘What in the world are they doing?’: A Texas mayor says his city lost $1.7M in property taxes when a developer pulled off ‘one of the greatest frauds’. Here’s how they got away with it

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Jim Ross, mayor of Arlington, Texas, was furious when he learned his city was losing millions of dollars yearly because of a real estate loophole allowing private developers to avoid paying property taxes.

“I think it’s inappropriate at best. It’s underhanded,” Ross said to CBS News. “I was pissed. I still am.”…

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