The “good stuff” around me situated on 1/2 AC+ lots is being hung onto by their longtime owners who are currently assessed at 1/6 to 1/10 of today’s market value. And I can’t blame them.
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Did they buy? Are they hanging because it’s a pice of property you can’t new anymore or they holding on simply because of the tax? I suspect the former and not the later.
If it wasn’t transferred to them, what’s your argument? That they should get a $10,000 tax bill and force them out of the house?
That it isn’t fair for the people that bought 30 years ago and paid local taxes and supported the economy in the area for those 30 years have an unfir advantage compare to the person coming in today wanting to buy what they’ve built?
