05-09-2017, 06:43 AM
(05-08-2017, 10:10 PM)tomh009 Wrote: Admittedly $200K does seem like a rather lowball offer.
Not sure why someone would offer that given that everyone should know that the city can't accept it anyway.
Utterly ridiculous. So the city can’t take a property that isn’t worth its outstanding taxes? But except for weird cases like dead owners and the like, wouldn’t the owner typically sell or otherwise deal with any property that is worth its taxes? Do we, or do we not, have to pay our taxes? Should I be contaminating the ground under my house until its sale value is $0, then stop paying my taxes?
I wonder what happens if the city expropriates the property. Fair market value is apparently $200,000, less taxes, leaves $0 for the owner. Of course then the city is on the hook for cleanup expenses, but that seems unavoidable at this point anyway.