Banker tries to claim residence is a church
by BlockShopper Newsman published Jul. 22, 2009
Chicago banker George Michael created a legal stir around this house after claiming the single-family residence was a church so he could make it exempt of the $80,000 a year he had to pay in taxes for the property. The state initially OK'd the exemption last summer, but the Department of Revenue recently reversed the decision . Michael will be forced to pay back taxes for the property and a federal jury is ordering his Citizens Bank Trust to pay more than $700,000 in damages and attorneys fees.
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