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Updated about 7 years ago on . Most recent reply

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Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
345
Votes |
1,257
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how to reduce property taxes

Rich Hupper
  • Broker / Investor
  • Tewksbury, MA
Posted

I have a client who has owned about 7 acres of land for the past 30 years. There is a home on the land however most of the land has been deemed wetlands and completely unusable. Through out ownership taxes have been manageable however now my client is approaching a fixed income lifestyle and increasingly more and more expensive property taxes. I know a third party is not going to buy swamp land, however would the town buy any of it back? Aside from selling the property does my client have any way to mitigate property taxes?

Thank you

Most Popular Reply

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Mayer M.
  • Investor
  • Cherry Hill, NJ
323
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860
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Mayer M.
  • Investor
  • Cherry Hill, NJ
Replied

If you feel it’s unusable and unsellable you may be able to deed it back to the city so the city takes ownership and you get reduce taxes

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