Bridgeport Records Reveal 66% Property Tax Cut for Ganim’s home
Records indicate Bridgeport Mayor Joseph Ganim purchased 37 Thorne Pl. for significantly below its market listing price, subsequently receiving a 67% reduction in personal property taxes before selling the property for three times the purchase price. The transaction also included the $0 acquisition of a separate parcel at 57 Thorne Place. In addition, the use of municipal departments to facilitate these adjustments raises critical questions about the equitable application of city policy.
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