It is just one of more than 600 properties that are up for sale at Vanderburgh County’s annual tax sale. But a century old building on Evansville’s west side is emblematic of what some describe as a broken system.
Built in the early 1900s, the former Howell Mortage Bank at 3000 Broadway Avenue has been a frequent flyer on the county’s tax sale list. According to property records, it has gone unsold at the annual tax sale every year since at least 2013. It has had five different owners — many of whom are limited liability companies — in the past decade.
Rehabilitation and stabilization of a historic building in the heart of Crothersville are completed.
Now, the two-story brick structure at the corner of Howard and Armstrong streets is on the market.
Eight years after the housing crisis, the broken system that sped the decline of Indianapolis’ urban neighborhoods remains largely intact.
Studies as early as 2004 outlined the need for systemic change — blaming the tax sale system for promoting abandoned housing. In some Indianapolis neighborhoods today, 1 in 4 houses is abandoned.