LOCAL GOVERNMENT Urban Redevelopment: Allow County or Municipality to Offset Payment in Condemnation Proceedings by Amount of Existing Municipal or County Tax Liens, Including Special Assessment Tax Liens

Abstract

The Act permits counties and local municipalities to offset the price they would normally pay for property condemned in an eminent domain proceeding by the amount of any existing special assessment tax liens on the property. The purpose of the Act is to encourage urban development by allowing municipal or county tax liens, including special assessment tax liens to be used to reduce the actual amount the county or municipality pays for the property