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Originally Posted by WPOZZZ
Fee simple means you own the land under your home be it a house, condo, apt, building or raw land. As for the lava land, I guess the people still own it, eventhough it is not usable anymore. There are some instances of accretion when the sand built up on the beaches, increasing people's property. In Hawaii, if you own beachfront property, you own up to the high water mark /high wash of the waves onto the beach. Imagine how some properties have grown with the lava spewing into the ocean. The state will try to tax that growth one day.
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No doubt. I wonder what they will do with property covered in lava and totally unusable and unsalable. I would have to guess no one will buy it. Hopefully the state will give them a token payment to make it legal, and buy the land and no try to send them a bill for the extra property they now own.
The border between Oklahoma and Texas is the south water line of the Red River. THe river is owned by the federal government. When there is a heavy rain and flooding the river often moves, sometimes a lot, as in over a mile. The tax assessors for the counties along the river are watching for property owners to gain land.