Solution: take the money you would have spent paying property tax, and use it to move out of Minneapolis. Let the next owner who buys the property at a foreclosure auction deal with the delinquent tax bill.
It's why you can buy a house in Detroit for $1: because with it comes the $20,000 tax bill.
Edit: in my state the boilerplate real estate contract everyone uses says "ten dollars and other good and valuable consideration". Which means you can't sell a house for less than $10 and use that standard verbiage. I wonder if it ever happens that someone sells a property for under $10, and what they do if that happens. Do they hire a lawyer to change the "10" to some other number?.
Seriously, this is when it's time to set the whole thing on fire .. I mean "electrical problem", pack up and leave. Open somewhere that wants your business.
Solution: take the money you would have spent paying property tax, and use it to move out of Minneapolis. Let the next owner who buys the property at a foreclosure auction deal with the delinquent tax bill.
Bam! More fun than 2008 mortgage meltdown.
It's why you can buy a house in Detroit for $1: because with it comes the $20,000 tax bill.
Edit: in my state the boilerplate real estate contract everyone uses says "ten dollars and other good and valuable consideration". Which means you can't sell a house for less than $10 and use that standard verbiage. I wonder if it ever happens that someone sells a property for under $10, and what they do if that happens. Do they hire a lawyer to change the "10" to some other number?.
And here I thought it was because it's Detroit.
Seriously, this is when it's time to set the whole thing on fire .. I mean "electrical problem", pack up and leave. Open somewhere that wants your business.