In the same boat, fortunately the state I live in makes the buy that wants to rezone from Agi to Res/Commercial has to pay 7 years back of the taxes of what the new rezoning is going to be.
But its getting to a point where the McManson developers can clear that cost w/ a few sales…
For where I am there is a similar fee for the rezoning, but I don’t think that matters to them at this point. Even with the 3-5 acre minimum plots some of the towns have.
I’ve seen a few straight up empty plots (no buildings but actively farmed) in the 20-80 acre range sell for millions, that sold less than 10 years ago in the $200k-$400k range. They’ve already been split up into new lots, starting price of the homes are $900k and up, not even built yet. The fee on the taxes is less than 10% of the sale price according to public records.
And the town/county loves them as they get more taxes from the residential/commercial properties year after year…
Plus they only want the mega farms like Gates. Then they can control the food supply or the crap they feed us. So egregious and you can’t win. Well unless you go super rural.
In the same boat, fortunately the state I live in makes the buy that wants to rezone from Agi to Res/Commercial has to pay 7 years back of the taxes of what the new rezoning is going to be.
But its getting to a point where the McManson developers can clear that cost w/ a few sales…
For where I am there is a similar fee for the rezoning, but I don’t think that matters to them at this point. Even with the 3-5 acre minimum plots some of the towns have.
I’ve seen a few straight up empty plots (no buildings but actively farmed) in the 20-80 acre range sell for millions, that sold less than 10 years ago in the $200k-$400k range. They’ve already been split up into new lots, starting price of the homes are $900k and up, not even built yet. The fee on the taxes is less than 10% of the sale price according to public records.
And the town/county loves them as they get more taxes from the residential/commercial properties year after year…
Plus they only want the mega farms like Gates. Then they can control the food supply or the crap they feed us. So egregious and you can’t win. Well unless you go super rural.