A794 — Modifies procedures for determination and payment of fair market value in distressed municipalities; concerns real property that is abandoned, vacant, or subject to unpaid taxes.

A794 — Modifies procedures for determination and payment of fair market value in distressed municipalities; concerns real property that is abandoned, vacant, or subject to unpaid taxes. · Informed CitizenryAssembly Bill A794 modifies the state's rules regarding how 'fair market value' is determined and paid for real estate in struggling or 'distressed' local communities. The bill specifically address…Open in Informed Citizenry