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Updated about 8 years ago on . Most recent reply
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Zero Property Taxes?
Does anyone know if there is any place in the US you can buy real estate that has zero property taxes on unimproved land?
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- Lender
- Lake Oswego OR Summerlin, NV
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there are areas that tax's are very low on rural properties... but I do believe unless your a non profit pretty much every property has tax's then you have big corps that create special tax breaks.
city of Portlandia to stimulate growth in certain areas will waive tax's for 10 years... of course the price to purchase is generally 500k or more. but hat saves you 100k over the 10 years.
Also in Oregon we have Ag and timber defferals which can make tax's very very low.
I owned a 720 acre tree farm and I think my tax's were less than 2k a year...
now how they pick up revenue is when we go to log we have to pay Harvest and severance tax's
Also if we take land that is in AG deferral and change the use to say a subdivision ( my favorite activity) then we have to pay a deferral tax to get it out of AG and into the new use.. this can be substantial.. depending on the property.. not a deal killer but one needs to be aware of it.
- Jay Hinrichs
- Podcast Guest on Show #222
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