More than 160 condo owners said their multi-million dollar homes at San Francisco's sinking Millennium Tower are not worth a penny.
The owners now want the city to cancel their property tax bills.
Pat Dodson, who lives on the 42nd floor of the troubled tower, helped organize a mass appeal to the city's tax assessment board.
"Our objective was to get a large number of people to file so that they weren't paying taxes on a property that may be worth nothing," Dodson said.
Dodson blames San Francisco building inspection officials for not telling owners about the Millennium Tower's abnormal sinking, and she things that mistake should come with a price.
"I also believe the city is responsible, to a great extent, for the problems we're facing," Dodson said. "So the city doesn't deserve this money and I don't feel we should pay it."
City Assessor Carmen Chu said she understands why the luxury condo owners are upset.
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"Right now we have a lot of folks who I know who are rightly concerned about their tower and the residents there, we definitely sympathize with the information they are finding out," Chu said.
Chu said she is keeping an open mind, but an independent appeals board will make the final decision.
“We are going to take a look at all the factors related to this tower and we’re going to make sure we are going to do what is fair and what is according to the law,” Chu said.
Dodson said that she knows many will be skeptical of their tax revolt, but said some residents have young families who owe mortgages. Others have their life savings tied up in the units.
