Many municipalities own or have interests in real property acquired by donation, dedication, gift, purchase or otherwise.

Historically, most municipal land holdings were primarily limited to property used for municipal buildings and related facilities, roadways, utilities, and traditional parks. More recently, however, the land holdings of some municipalities have increased dramatically as a result of: property being deeded and easements being granted for historic preservation and environment conservation, and the tax benefits that often follow such acts of good will; land being condemned for some public open space purpose; or land being dedicated or otherwise acquired as part of the subdivision/land development process.

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