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By zippo (registered) | Posted March 23, 2010 at 08:41:10
As well as the property tax issue I believe it is also the case that if a building owner allows it to decay, resulting in a decrease in it's market value, they can use that loss in value as an income tax deduction (Capital loss) to offset other income. Yet another perverse incentive in our tax system; government support of "demolition by neglect".
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