Completely agree with the original post but an LLC is NOT a tax vehicle.

NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

So we would buy the aceage and since the legal descriptions still called out lot and block we would just start to deed out the lots to get them on the tax rolls and the Assessor would change the maps. 

kept using people who don't do real estate to do my taxes, and also they had horrible communication skills, I don't trust people who only see u as money.

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Investors should research the SEV and the Non-Homestead property tax millage rates to project what the property taxes will be after adjustment.

Baselane has the added advantage of synching with your Schedule E you'll use at tax time to file your taxes.

My last Tax Deeded Property returned 233% ROI.

Luckily both sites collect the taxes for our place.Our little town did implement a 1% tax that I have to pay separately.

Would the federal tax liability be $140k at year 5 for the sale, with long term capital gains (ignoring any Net Investment Income Tax)?

How is it a tax strategy though?