Posted by Doug - Iowa on December 17, 2020 at 09:26:29 from (216.248.81.129):
In Reply to: Farming in the Burbs posted by Traditional Farmer on December 17, 2020 at 08:52:25:
School me a bit on this please. What happens to property taxes in a case like that? I've heard multiple horror stories about this type of situation but really don't understand what is going on in the big picture. Say my field is zoned ag and the owner of the field across the road wants to sell for the $7M development. The county (or city) sees a big lump of tax money ready for the taking as soon as they zone it for residential. I would assume they could change my zoning from ag to residential and up my taxes? So now I can't afford the taxes, the developer offers me a $7M deal and I take it. Now the problem just moves to the property owner next to my ground? Add a little insider info sharing between the officials and the developers and it looks to me they got you no matter what. Not to mention the capital gains taxes and fees, so the property owner gets a fraction of the value, and the developer and government take the rest.
Upload one or more videos to your post. Photo and video filesizes should be less than 5MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Oliver 550 Purchaser Checklist - by Greg Sheppard. Pound for pound the 550 is better than anything I've seen. It has great power for its size and can really hunker down and lug. Classified as a 3-bottom plow depending on soil conditions. I personally don't think it can be beat for a utility tractor in the 40 HP range. They are extremely thrifty on fuel, at least my DSL is. Most drive train parts are fairly easy to get. Sheet metal is probably the hardest thing to
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
