Examples of Blighted property in a sentence
Blighted property" means property that is contaminated with hazardous substances as defined under RCW 70A.305.020.
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Distribution and and Uses of Funds:C: Definitions and Descriptions: Blighted property shall include commercial or residential structures, which have been declared uninhabitable and hazardous by the City and exhibit objectively determinable signs of deterioration that constitute a threat to human health, safety and public welfare.
The average ROI for this investment is calculated at 7x! A big reason is the impact on property values such as the following general example… Blighted property value - $2,000 x 1% property tax = $20 x 7 = $140 New construction value -$225,000 x 1% = $2,250 x 7 = $15,750 or $15,610 annually Thank you for your time and consideration.
Blighted property is held in speculation of rising property values.