Smith Center Land Bank
Smith Center Land Bank Frequently Asked Questions
What is the purpose of the Smith Center Land Bank?
The Smith Center Land Bank has the primary responsibility and authority to efficiently acquire, hold, manage, transform, and convey abandoned, tax-foreclosed, or otherwise under-utilized or distressed properties into productive use.
How does the Smith Center Land Bank acquire property?
The Smith Center Land Bank acquires property through purchase, owner donation, or tax foreclosure. What types of property are held by the Smith Center Land Bank? The Smith Center Land Bank is divided into three types of parcels:
•Parcels with a Structure: Parcels of land with existing structures, including homes, garages, and businesses.
•Buildable Parcels: Parcels of land without any free-standing structures before purchase, where structuressuch as houses or other large buildings can be built.
•Non-Buildable Parcels: Parcels where houses or other large buildings cannot be built, but garages, fencing,paving, or other similar structures can be built.
Who manages the property in the Smith Center Land Bank?
The Smith Center Land Bank Board of Trustees operates the Land Bank.
How can I donate property to the Smith Center Land Bank?
To donate property to the Smith Center Land Bank, please call 785-282-3249. The Smith Center Land Bank will provide you with a letter stating that you donated a property and will list the property’s assessed value.
What is the benefit of donating property to the Smith Center Land Bank?
Once the Smith Center Land Bank takes ownership of the property, the Land Bank becomes responsible for all code violations and maintenance issues on the property. The donor is relieved of his or her back taxes and may receive some income tax benefit from the donation. Check with your financial advisor to be sure of the tax benefit.
How can I purchase a property from the Smith Center Land Bank?
To view available properties in the Land Bank, please visit the Land Bank’s website at https://smithcenterks.com/smith-center-land-bank. Here you can view all of the parcels in the Land Bank, as well as parcels being marketed for Economic Development. You can submit an inquiry directly from the website or by email at email@example.com to obtain an application.