I have a hard time believing that banks are "exempt from paying municipal property taxes" as a blanket rule. Surely, that would depend on a given locality's law

I have a hard time believing that banks are "exempt from paying municipal property taxes" as a blanket rule. Surely, that would depend on a given locality's laws. Further, it seems that, in general, banks are liable for annual property taxes on REOs post foreclosure [1]. [1] https://www.quora.com/Does-the-bank-pay-annual-property-taxes-on-REO-properties https://www.quora.com/Does-the-bank-pay-annual-property-taxe...