1 Square Inch of Land for Sale at $1,500

Washington Post ^ | November 12, 2005

[jdm]

SPENCER, Ind. -- A tiny parcel of land in southwest Indiana is some of the priciest real estate in the world. Owen County officials are trying to sell a 1-square-inch plot of land for $1,500. At that rate, an acre of land would cost nearly $7 billion.

[snip]

[jdm]

"1 Square Inch of Land for Sale at $1,500"

When I saw the headline I figured the seller had to be someone on eBay!

[The Worthless Miracle]

I was thinking it might be in the shape of Jesus...

[Mark was here]

The land may be a deal if it allows lake privileges, that is depending on the lake.

[Arthur Wildfire! March]

A gold mine? A diamond mine? What the....? $7 billion for an acre? Oh, it's New Jersey, the home of the late great Frank Sinatra and the Sapranos.

[elli1]

Officials think the tiny piece of land west of Bloomington was deeded to someone in the 1960s, when people had to own property to use a nearby lake.

[Arthur Wildfire! March]

NO! Indiana! Not New Jersey?

[Mark was here]

Officials think the tiny piece of land west of Bloomington was deeded to someone in the 1960s, when people had to own property to use a nearby lake.

I see now, the key word had. No wonder no one bid on it, the lake now has public access.

[operation clinton cleanup]

Wonder what the property taxes would be on that parcel of land?

[mtbopfuyn]

That's what my Texas county tax assessor thinks our lot is worth, too.

[ErnBatavia]

That's what my Texas county tax assessor thinks our lot is worth, too.

We have friends considering a move to Texas (from CA)...can you give a quick tutorial on the property tax situation there? I'd pass it along to them.

[par4]

Hey, watch you youse are insultin', my 40x100 has lots of room for hiding mistakes.

PS, Tony says "YO"

[narby]

Back when the TV show "Dallas" was big, I drove by the real "Southfork Ranch" in Plano Tx. They had a stack of real estate forms on the gate, offering to sell one square foot parcels of "Southfork Ranch" for some modest sum.

Pretty funny. Wonder who own's them now?

[Arthur Wildfire! March]

My deepest and most heartfelt apologies to the most noble and respectable businessmen of New Jersey. I will take your napkin with my bare hand and wipe your mouth for you before placing it in my pocket. [Offering a light for your cigar.]

But I must tell you, I HATE Frank's music.

[zipp_city]

DHum seems like I recall the Davy Crockett Homestead was sold in 1 inch plots, I have aftem wondered what happened to those plots of land.

[cpdiii]

Depending on which county you are in Texas the taxes will vary a lot. My real estate taxes on 180,000 valuation is about 3000 dollars a year. I do not live in town. If you live in an incorporated city you will probably have to add about 500 dollars to the figure. We do not have an income tax but our sales taxes will average about 8.25%.

Our real estate and sales taxes are above average but when you consider income tax in California and all the other taxes we are much lower than California.

[TruthShallSetYouFree]

A one-inch square parcel of land would be perfect for listing all of the accomplishments of the Clinton Administration.

[zeaal]

I realize you ask someone else but living in Texas has given us pause to contemplate the property tax situation. Just some pondering ... comparing states with income tax and property tax ... in an income tax state you have to pay on your income and you have no input as to the outcome of what you pay. The state sets the tax rate and you pay it. In a property tax state you have a choice as to the price of a home you buy and thus directly impact what you pay in prop taxes. If you do not want to pay giant prop taxes, don't buy a house valued at 500K (which gets someone a whopping amazing house in north Texas).

Texans - demand property tax reform!

[mtbopfuyn]

We have friends considering a move to Texas (from CA)...can you give a quick tutorial on the property tax situation there?

Ten years ago, our property tax was equal to about two weeks of pay. Today, it takes nearly TWO MONTHS of my paycheck. Yes, same property and same job (including a couple promotions over the years).

[par4]

I'm not a real fan of Frank either, but my amazon parrot just loves to listen to him sing.

And thanks for the light, this Don Carlos Double Robusto is perfect for a Sunday morn.

Oh, please remember we don't all talk like dat.