Today’s question is really intriguing because it’s a problem I probably won’t ever experience but it does pique my interest. Cyndie emailed me to say that she had a large piece of land that she no longer wants and isn’t sure what she should do with it given that it’s likely difficult to sell. It’s costing her quite a bit each year in property taxes so she’d really like to be rid of it.
Here’s the question from Cyndie:
About 10 years ago I bought a piece of land. Was going to build on it but that didn’t happen and at this point I don’t really want to. So, it is up for sale. Now, I highly doubt that it will sell, it is a beautiful piece on a hill overlooking a creek, but building there would be more expensive. As soon as I bought the land the taxes went sky high. I have worked with the county to get them lowered.
So, what my dilemma is that I feel it is not going to sell (similar piece has been for sale for 10 years) and I basically need to get out from under it. I have thought about donating it to the city, but don’t know if they would want it. Any other suggestions would be wonderful.