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Originally Posted by Pineedles
One aspect of this discussion that has not been been discussed, and that is the property that has been inherited by not one but many descendants.
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While I personally have not had to deal with the issue of multiple family owners I know people who have had to and it can be a nightmare
. However, why is it an excuse not to be responsible for the property tax. If a family has been given a valuable piece of property and all they need to do is handle the taxes and upkeep they are very fortunate to have received a valuable gift. What happens when the septic system needs to be replaced for 25 grand or the roof for 15 grand and they can't agree how to pay for that? The property tax is a bill, just like electricity, oil, plowing, and all sorts of other required expenses. All these bills get more expensive over time and you need to deal with that fact, family owned or individually owned. I know one person who ended up buying out their relatives share of the property because the relative didn't want to chip in. Very painful but he wanted the property badly enough that he was willing to pick up a mortgage to cover the buyout.