On Tuesday, June 13, 2006 11:14 AM Kristyne McDaniel wrote: >> You might want to look into what it would take to put the property in
>> land use/agriculture use to lower the property taxes. >Out here there is a type of a donation that can be made where you donate your >conservation rights and get a tax break on the land for that. It is like giving up >mineral rights, but in this case you give up the right to develop the land. We don't >know whether we will do that or not, but the time to do it is after the split is >finalized so the donation is maximized. If we did it right now the donation would not >have the same value. We have 52 acres and we keep records of harvesting hay which keeps us in land use and cheaper property taxes. There are other ways such as forestry that can keep it in land use. Just need to check with your local county. David L. Crooks _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
