What is the tax status of properties acquired through municipal tax title foreclosures?

Properties acquired through municipal tax title foreclosures generally hold a unique status in relation to taxation. When such properties are used for public purposes, they become exempt from property tax. This reflects the principle that properties utilized by government bodies for the public good, such as parks, schools, or other municipal facilities, do not generate revenue through property taxes since they are serving a community function.

In contrast, if these properties are repurposed for private use or remain on municipal tax rolls without specific designation for public use, they would be subject to taxation. Therefore, the clear delineation of tax status depends on the intended use of the acquired properties; those designated for public use are exempt from property taxation to facilitate community development and accessibility.