Run-down property owned by Salvation Army
I've been taking the advice to look for distressed or run down properties in good neighborhoods and I came across one today (I'm looking for potential buy and holds or flips).
In doing an initial search in the public records, the Salvation Army is listed as the owner of the property. The SEV is listed as 0, while the land itself is valued at 23k. The taxes paid are under $100 each year. SEVs of surrounding homes are 50k. I have never seen this, would someone be willing to explain how barely any taxes are paid and no SEV is listed? The house looks abandoned and is a good example of the "worst house in an otherwise great looking neighborhood".