At a tax sale, officials in Owen County, Indiana tried to sell one-square-inch plot of land for $1500. No buyers stepped up. From the Associated Press:
The inch-square parcel was originally part of a 1.12-acre tract under a separate deed, said auditor Angie Lawson. Officials think the tiny piece of land in the county west of Bloomington was deeded to someone in the 1960s, when people had to own property to use a nearby lake.
First National Bank foreclosed on the property owner's mortgage, which covered the entire 1.12-acre tract, and the land was up for bid at the tax sale. There is a minimum bid of $1,500 for tax sale parcels.
County attorney Richard Lorenz said he is trying to find a way around the tax sale rules so the county can get rid of the land and the responsibility of selling it. The county has to pay $85 for legal advertisements for each piece of property sold at a tax sale.
