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November 10, 2005

The most valuable land in the world (per square inch)

Owen County, Indiana, is trying to sell a one-square inch plot of land for $15,000. Needless to say – they haven’t been successful. Constricting tax codes, not a rich vein of diamonds, can be thanked for the ridiculous price:

There is a minimum bid of $1,500 for tax sale parcels. County attorney Richard Lorenz said he is trying to find a way around the tax sale rules so the county can get rid of the land and the responsibility of selling it. The county has to pay $85 for legal advertisements for each piece of property sold at a tax sale.

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