S725 — 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.*

S725 — 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 CitizenryThis bill proposes to allow municipalities to acquire real property that is vacant, abandoned, or subject to unpaid taxes by either purchasing the property at its fair market value or exercising th…Open in Informed Citizenry