Tax Deed For Eminent Domain Property

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I purchased a property that I new was needed by the government to expand the highway. It seemed as though it was the last piece of property they did not purchase. After I purchsed the property, they stated they had already received an "order of taking" by a judge. In the "order of taking", it stated that the clerk was to pay the taxes. The taxes were not paid and I purchased it through the tax deed sale. The "order of taking" stated the amount the owner could receive by claiming it at the courthouse. However, I am wondering if I am entitled to today's market value?

I will post the actual phrase from the "order of taking" when I return home.

Any help would be greatly appreciated.

Comments(3)

  • estateXchange17th January, 2005

    The paragraph in the "order of taking" reads as follows:

    "Upon deposit as set forth above and without further notice of Order of this Court, the Clerk of the Court shall forthwith pay to the Tax Collector of Hillsborough County the amount of prorated taxes due as of the date of transfer on the above-referenced parcel and, upon payment, this suit shall stand dismissed as to the Tax Collector of Hillsborough County as to parcel 172."

    Again, I purchased the property through a tax deed sale and am wondering of I have a case to receive compensation for the property. The amount of the order is more than I paid for the property, I am just trying to get more than that amount.

    I am having trouble understanding the legal writing in the above quote from the Order. Any help would be greatly appreciated.

    etateXchange

  • JohnMichael17th January, 2005

    Eminent Domain - Government initiated taking of land title for public works (ex. park, highway). If parties cannot agree on price, Government can condemn property and pay market price.

    States, localities, and the federal government have the right of "eminent domain", which means they can condemn and force the sale of private property for public purposes.

    For example, the government condemns a block of homes because they need the property to build an interstate highway. An individual’s rights are subordinate to the government.

    When the government takes private property, the owner is entitled to receive just compensation for his property.

    Let me give you some great advise - if the offer is fair - take it.

    You will spend a small bundle fighting and you may win the case, but the asset will be tied up and you will pay the holding cost my friend.

    If it profits - take it and move on to the next deal.
    [addsig]

  • GeneralSnafu26th January, 2005

    Quote:
    On 2005-01-17 20:35, JohnMichael wrote:
    Eminent Domain - Government initiated taking of land title for public works (ex. park, highway). If parties cannot agree on price, Government can condemn property and pay market price.

    States, localities, and the federal government have the right of "eminent domain", which means they can condemn and force the sale of private property for public purposes.

    For example, the government condemns a block of homes because they need the property to build an interstate highway. An individual’s rights are subordinate to the government.

    When the government takes private property, the owner is entitled to receive just compensation for his property.

    Let me give you some great advise - if the offer is fair - take it.

    You will spend a small bundle fighting and you may win the case, but the asset will be tied up and you will pay the holding cost my friend.

    If it profits - take it and move on to the next deal.


    You forgot to add, "and be much more careful about your due diligence in the future."

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