Brownslave688
You want a toe? I can get you a toe.
I live in Illinois. Trust me I understand.
How much land do you own?
- Thread starter OrionsBitch
- Start date
Catatonic
Nine Lives
How much is the tax on your 300 acres?
Do they charge more for the first acre and then less for the rest?
Brownslave688
You want a toe? I can get you a toe.
Tax laws are changing a lot in Illinois. Currently I think only about $750 a month. But my ground is all pasture and woods.
And that was last years taxes before I bought it. I wouldn't be surprised to see the taxes hit 3-4K within the next couple years.
Catatonic
Nine Lives
$9000 / yr is not as bad as I thought it would be. It's more than that in Georgia.
$50,000 / yr is more like what I thought it would be.
oldngray
nowhere special
Farm land is only taxed at a fraction of what other land has to pay.
Operational needs
Virescit Vulnere Virtus
That's why some people will plant a few pine trees and call it a tree farm or buy a cow or a few goats. Lots of those "farms" on my route.
DriveInDriveOut
Inordinately Right
WTF?! I pay 4k on .17 acres lol.
Brownslave688
You want a toe? I can get you a toe.
Returntosender
Well-Known Member
An artesian well on desert land is money maker.
Brownslave688
You want a toe? I can get you a toe.
Returntosender
Well-Known Member
Have you ever considered owning a trailer park?
Brownslave688
You want a toe? I can get you a toe.
With fracking coming to the area soon I had considered it but I want to live on the ground and would rather not have that close.
DriveInDriveOut
Inordinately Right
True.
To be fair though, there's no state income tax here. They'll get you one way or another. Our sales tax is ridiculous too.
Catatonic
Nine Lives
Unfortunately, my county in Georgia does not see it that way.
The cleared land for my house and the yard is maybe 1/4 acre ... all the rest is forest.
I've protested and filed objections twice and the additional acres are taxed the same as the first.
Been here 18 years and it still POs me when I think about it.
Brownslave688
You want a toe? I can get you a toe.
Get some goats suddenly it's a farm.
Covemastah
Hoopah drives the boat Chief !!
I'm paying 4500 in mass for my 3/4 acre
And 4100 on my camp in Maine 1/2 acre
We also load up on stuff in tax free NH , only 12 miles away
And 4100 on my camp in Maine 1/2 acre
We also load up on stuff in tax free NH , only 12 miles away
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oldngray
nowhere special
I used to own some forest land. Unimproved with nothing but hills and trees. The taxes were very cheap.
The guy across the road had a house and a fishing pond but still mostly unimproved. He planted a few trees for the tree farm loophole.
MyTripisCut
Never bought my own handtruck
1 Acre of prime South Jersey real estate. 10500 in taxes.
Covemastah
Hoopah drives the boat Chief !!
Ouch !!!
