General Real Estate Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 17 years ago, 02/27/2008
Property Tax, avoidance?
One of our development projects (assemblage) is about 8 parcels. Now obviously this is not fun to pay every year. I have a couple questions.
Does anyone have experience with some sort of agriculture agreement with the county/state that allows for a tax free property in exchange for a promise to not develop said property for X number of years. I have heard of this concept, but am not sure where to start. Dept of Ag, DNR, etc??!?!
From your experience, does combining parcels (filing a plat) reduce or increase property taxes? (in general of course)
Any other suggestions? Thanks guys!