I may be able to get it for the minimum bid of $100 even though it has a fmv of about $4,500. The county said they would sell it for the minimum bid if that is the highest bid.
The state had the option to buy it but declined because it would have had to pay all local taxes for the last 3 years. If I buy it and then donate it to the state I get a tax deduction that will be worth more than $1500. Even taking into account the transaction costs (about $300) I still make money via the tax deduction and the state gets the land it wants.
Comment