The house was not worth $5,000,000. Let's be super generous and assume that's $500,000 worth of house. The land itself, the location, that's worth $4,500,000. Why should a $4,500,000 plot of land be kept out of production without anyone paying?

Someone is paying, that's what that pesky property tax bill is.

For what it's worth there seems to be a massive fuck up in the linked article. If you look at the original story, it lists the house as $500,000 and not $5 million. The land itself was bought for $22k in 2018

Well this is a massive game changer lol I don't care about this anymore