According to the state law that created land bank authorities, the Land Bank assumes the tax liabilities on all properties it acquires but can extinguish that liability once the property is sold or disposed of, according to Griffin City Attorney Drew Whalen.
In his opinion to the Land Bank, Whalen said, “that power is discretionary and dependent on the terms of disposition,” and therefore he did not recommend that the Land Bank pay the tax obligations in advance.
(For the complete story, see tomorrow's print edition.)
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