Actually, no. The city will simply declare the property in arrears and seize it, selling for what they can get and then go after the property owner in court for any amount of tax delinquency not satisfied by the tax sale. Thus the leach class continues to eat the producing classes lunch.
The process is in an advanced stage in Detroit.
http://www.freep.com/story/news/local/michigan/2015/01/29/tax-foreclosures-wayne-county/22518185/
Of course, if they raise the tax rates but the valuations decline...