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By JonC (registered) | Posted June 10, 2009 at 15:49:15
On Ryan's comment. Points 1 and 4 are related. If the increase in value is greater than the property tax then the vacant lot/empty building acts as a (low risk) investment.
I get the reason for reduced taxes on vacant property (allows time to renovate/repair). But there should be a time limit implemented on the length of time the reduced rate should be held.
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