I bought an empty plot of land earlier this year. It's 200ft by 73ft - about .45 acres. It's in a depressed area economically, and located in a flood zone, lies next to an abandoned home, and 1/3 of the land is an unusable swamp. I bought it because I would like to build on it someday, when I am more established. There was previously a home on the property that was demolished after a flood several years ago
I bought the empty land for $2000. It had been listed on the MLS at $3000 for several years before I made my offer, and the owners jumped at my offer. No one wanted it. I paid taxes earlier this year and the two plots that make up the property were valued at $6000. I just received a bill for school taxes, and they had valued the empty land at almost $25k. My school bills for this property are almost as high as my school taxes for my home.
I called the assessors office to see whether they had the property listed as a residential on accident. No, it was listed as a vacant lot. They told me that I didn't have any choice this year but to pay my taxes, and that I'm only allowed to file grievances in May every year. So I'm not allowed to dispute this ridiculous assessment in any manner, and just have to pony up. The issue is, I wasn't at all expecting to spend almost $1000 on school taxes for an empty little plot of land in a town where the homes cost $15k each. I can't afford that right now, and in the letter I received for my school taxes it says I have to pay up - almost the entire amount - by the end of the month, or my property will be delinquent.
What the hell can I do in this situation?
Submitted September 05, 2018 at 09:47AM by RippedOffShittyDay https://ift.tt/2PFEYoz
