7 ms·
What if nobody wants to buy it and you can't pay the tax?
by SoftTalker 6mo ago
What if nobody wants to buy it and you can't pay the tax?
- datadrivenangel 6mo agoThe state takes it, and then can either sell it off or use it. This makes it easier to do things than trying to find who owns a probably abandoned property.
- ghaff 6mo agoOr it just decays without a real owner.
- hdgvhicv 6mo agoThen it’s worthless and the state will take abandoned land for $0.00. If the land is worth less than nothing (contaminated etc) then there should have been a bond involved to ensure the clean up fee was collected.
- ishouldstayaway 6mo agoThe same thing you do now when you can't sell a piece of land: you lower the price. In addition to what others said, in this case the land is obviously not worth very much, and thus the taxes are also minuscule.