DeKalb County filed a lawsuit last week alleging mortgage giants Fannie Mae and Freddie Mac haven't paid real estate transfer taxes on an undetermined number of properties.
The suit, filed in the United States District Court for the Northern District of Georgia, claims the federally backed mortgage companies avoided paying taxes because they claimed they were government agencies. Government agencies are exempt from transfer taxes.
Fannie Mae and Freddie Mac are publicly traded corporations.
In Georgia, the transfer tax on a $100,000 property would be $1,000.
Burke Brennan, spokesman for DeKalb County, said the county is trying to determine how much Fannie Mae and Freddie Mac failed to pay. Brennan said he does not know how many transactions are involved. According to the lawsuit, the amount DeKalb County is owed exceeds $75,000.
The Chatham County Clerk of Superior Court filed a similar lawsuit earlier this month.
Copyright 2012 WGCL-TV (Meredith Corporation). All rights reserved.
Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >
Wednesday, May 22 2013 8:47 AM EDT2013-05-22 12:47:18 GMT
Atlanta firefighters are battling a large fire at United Transmission in downtown Atlanta.The building is located at 350 Marietta Street.Marietta Street near Ivan Allen Boulevard is closed.It is unclearMore >
Atlanta firefighters battled a large fire at United Transmissions in downtown Atlanta.More >
Wednesday, May 22 2013 8:25 AM EDT2013-05-22 12:25:04 GMT
Two billboards just went up around Atlanta to help get the word out Atlanta first responders and their families pushing for a better raise. The digital billboards are on Northside Drive at North Avenue,More >
Two billboards have gone up showing Atlanta first responders and their families are demanding raises.More >
Wednesday, May 22 2013 10:21 AM EDT2013-05-22 14:21:02 GMT
Authorities have issued an Amber Alert for a one-year-old girl who was in the backseat of a car stolen from a daycare center in Forest Park. It was just after midnight Wednesday when officers receivedMore >
A toddler who was in the backseat of a car that was stolen from a daycare center in Forest Park overnight is now safe in her parents' arms.More >
Tuesday, May 21 2013 7:16 PM EDT2013-05-21 23:16:48 GMT
MOORE, OK - The Oklahoma County Sheriff's office tweeted a photo of a frightened, muddy dog Monday after the deadly EF-5 tornado ripped through the town.The comment accompanying the photo said, "scared,More >
A heartbreaking photo of a little dog guarding the body of his owner, who was killed in the Moore, OK, tornado, is going viral.More >
Wednesday, May 22 2013 9:28 AM EDT2013-05-22 13:28:05 GMT
No one was injured when a train struck a MARTA bus Wednesday morning.It happened at West Howard Avenue and North McDonough Street. Decatur police have not released any additional details.CBSAtlanta.comMore >
No one was injured when a train struck a MARTA bus Wednesday morning.More >
Tuesday, May 21 2013 11:15 PM EDT2013-05-22 03:15:51 GMT
It has been more than 2 years since a tornado with winds of 175 miles per hour demolished homes and businesses in Ringgold, Catoosa County. But, the pain of the past is still visible in many parts of theMore >
It has been more than two years since a tornado with winds of 175 miles per hour demolished homes and businesses in Ringgold, Catoosa County. But, the pain of the past is still visible in many parts of the city and the emotional scars run deep.More >