Zero capital gain tax, next to zero income tax, property Tax is super small.  

I assume there is zero or almost zero appreciation and that’s the reason you aren’t selling tax free?

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

Yes, do the tax exchange if you can.  

@Drake BackmanBigger Pockets is a great place to find a tax strategist specializing in real estate taxation.A good real estate tax strategist can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding a tax  strategist specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your tax strategist remotely to expand your options.I would also recommend looking for a tax strategist willing to work with you throughout the year.

Hi Steve, where did you get your property tax estimate from?

Any advice on what setup is easiest and most tax advantaged?

@Jeanette LandI always recommend using a tax professional.

What paperwork should I keep a paper trail of to make things like taxes and other situations better/easier for myself?

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.