This is why we need a georgian land tax. Sitting on prime undeveloped real estate is great, but you shouldn't penalize people that develop property with higher taxes than the ones that just sit on it and leave it relatively unproductive.
I don't think that's right. It's been too high for years that I know of.
The house is definitely not the highest and best use of that land anymore.
The assessed value is currently $21k with taxes of $1,893 per realtor.com. This tax assessor definitely needs to change that valuation.
It won't. That pricing is absurd (until some moron pays for it).
Not a developer but looks like there is new construction nearby listed at over $500 per sq ft. I have no clue if they'll get close to that, but if you can actually sell a condo for $500 per sq ft, and that lot is zoned to allow dense development, you can probably make that purchase price work. Still would probably result in somebody taking a ton of risk on for relatively little upside.
Onx (which can definitely be wrong) says last name Gilmer owns it. I do think that is likely correct or was in the past. Pretty sure one of my finance professors lived there. He also owned the pool hall… RH Gilmer was his name I think.
