[Gay State Conservative]

The tax hassle, etc. was so bad they tried to sell the 1/4 acre in NY for $1.00 - but no one would take it. They ended up selling the property at a loss, just to get out, from underneath it.

I'm surprised by that.One would think it would be easy...10,000 square feet of land,without a residential structure,is located in Anytown,NY...the rest of the "plot" is located in Anytown,CT.Two bills...one for 10,000 sq ft from NY...and another from CT.

But then maybe I'm not factoring in self centered politicians and self centered lawyers.

[jttpwalsh]

Precisely. The only thing the regulators, taxation authorities, etc from NY & CT could agree on was: they couldn’t agree on anything. Perhaps if they had deeper pockets, and the stomach, for the fight, they would have prevailed, but in the end, they took their lumps, and moved on, lesson learned. POSTSCRIPT: years later, the property was sold to a well heeled and ‘connected’ member of the landed gentry. He was able to deed the NY portion to Putnam County, NY, without hassle, and sold the remainder for a nice profit, when Real Estate peaked around 2005.