Your property is a business (not a charity).

This is because the state income tax will already bring them to $10,000.They may get a benefit at the state level for the property taxes.A discussion should be made what type of house they would buy and if they would have any itemized deductions(Medical or charity) besides the mortgage interest and Income/Property taxes.Otherwise, if the itemized deduction is marginally higher than the standard deduction, it wasn't the best tax write-off. 

The people I know with crazy amounts of money have to be stimulated intellectually and need some kind of charities, new business ventures, traveling, etc. 

The mayor runs a sham charity that pads their bottom line by instituting insane parcel taxes. 

I’m a halfway nice guy, but I’m not a charity.

The city does have programs for vacant lots.You can just let it eventually go to scavenger sale but you will get a ding to your credit.You can try to donate it to a charity.

I think @Charity Skore is correct.

You will be paying for the refi unless your lender and everyone involved are charities.

@Charity SkoreThanks!

But then the bigger and more important goal is to grow to much more than that over time so I can GIVE considerably to charities, start ups (especially social cause ones) and self fund my own creative ideas/imagination within healthy limits/hence having our incomes being replaced first.