In most (all?) states the property owners own the road right of way even though they cannot develop it due to the public right of way.
I expect that the owner is paying taxes on all of the land to the centerline of the highway (if the highway is a boundry). If one owns property on both sides of a public road one owns the entire parcel where the right of way is located and pays taxes on the entire area.
The public has a travel easement and the jurisdiction has a maintenance easement but the adjoining property owners own the land and must pay taxes thereon, albeit most likely at a reduced rate.
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Today's Featured Article - Talk of the Town: Can You Patch a Tire Sidewall? - by Staff. Another neat discussion from the Tractor Talk Discussion Forum. The discussion started out with the following post: "Has anyone attempted (or succesfully) glued or bolted a patch to the tires' sidewall. I cannot afford a tire right now but have some horse stall mat material and could buy some glue. I could use some advice on
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