3 ms·
How's the community going to pay your tax?
by chrisseaton 5y ago
How's the community going to pay your tax?
- syops 5y agoThey don't. The property would be sold at auction just like tax foreclosed properties are now sold at auction.
- chrisseaton 5y agoWhy would you buy a location that the previous owner had to sell because it came with a crippling tax burden and no source of income?
- syops 5y agoWell, presumably because you could buy it at a price that made the investment feasible. That price could be $1. Maybe the land truly is worthless. In which case the auction is for nought. Then the community might decide to form a small playground for the plot of land or a community garden. Maybe the land could be used for housing instead of for commercial purposes.