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Feb 12th, 2024
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 Re: Land Prices
[Re: Txduckman]
#551765
01/22/09 08:13 AM
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Joined: Sep 2008
Posts: 13
sako220
Light Foot
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Light Foot
Joined: Sep 2008
Posts: 13 |
Just curious how investors or dealing with taxes? Is ag exemption coming with the property or are they rich enough to not be concerned?
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Re: Land Prices
[Re: sako220]
#551766
01/22/09 12:55 PM
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Joined: Jul 2006
Posts: 6,652
Novemberyet
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jul 2006
Posts: 6,652 |
Thinking of putting my 20 acres up soon. Seen anywhere from $1500 - $3500/acre for Eastland Co. Smaller lots are higher (naturally) than bigger ranches. Any takers?
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Re: Land Prices
[Re: Novemberyet]
#551767
01/22/09 04:34 PM
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Joined: Apr 2005
Posts: 633
scott1071
Tracker
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Tracker
Joined: Apr 2005
Posts: 633 |
I am no expert and could be off on this, but when we were looking at land it became pretty clear that an AG exemption can be obtained with very little effort and expense. This is a bit of an oversimplification, but one person at the county told me I could just about buy a goat, turn it loose and show them the receipt to get my exemption. It's almost a joke.
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Re: Land Prices
[Re: scott1071]
#551768
01/22/09 04:38 PM
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Joined: Sep 2006
Posts: 718
chestnut
Tracker
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Tracker
Joined: Sep 2006
Posts: 718 |
Yes, taxes on rural land are so low it is a joke.
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Re: Land Prices
[Re: chestnut]
#551769
01/22/09 04:40 PM
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Joined: Sep 2006
Posts: 718
chestnut
Tracker
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Tracker
Joined: Sep 2006
Posts: 718 |
Any of you financial guys know what will happen to the price of land and gold if we have a huge deflationary economy -- which appears to be on the way? I don't quite understand how that works.
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Re: Land Prices
[Re: scott1071]
#551771
01/22/09 06:50 PM
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Joined: Oct 2008
Posts: 408
Koolade
Bird Dog
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Bird Dog
Joined: Oct 2008
Posts: 408 |
Quote:
I am no expert and could be off on this, but when we were looking at land it became pretty clear that an AG exemption can be obtained with very little effort and expense. This is a bit of an oversimplification, but one person at the county told me I could just about buy a goat, turn it loose and show them the receipt to get my exemption. It's almost a joke.
Once you have the exemption in place, it usually is that easy in most counties. If the property does not have an Ag exemption, there are two ways to obtain one. 1. You can have two people sign an affidavit that the land has been used in an Agricultural Capacity for three out of the past five years. 2. Use the property in an Agricultural Capacity for five years, then obtain the exemption.
I received this information from the Jones County Tax Appraisal District last week.
They also said that to get a Wildlife exemption, you must first meet the Ag exemption qualification.
Last edited by Koolade; 01/22/09 07:01 PM.
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Re: Land Prices
[Re: Koolade]
#551772
01/22/09 06:59 PM
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Joined: Nov 2008
Posts: 83
waterfowlinrealtor
Outdoorsman
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Outdoorsman
Joined: Nov 2008
Posts: 83 |
I know around here people can lease the land out for ag purposes and still maintain the ag exemption. But it is very important to check with the taxing authority in the county you wish to purchase in.
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Re: Land Prices
[Re: Koolade]
#551773
01/22/09 06:59 PM
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Joined: Oct 2008
Posts: 408
Koolade
Bird Dog
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Bird Dog
Joined: Oct 2008
Posts: 408 |
I guess we are lucky to be in a bit of a different market than most of the real estate agents that have posted here. Yes, we experienced a slowdown last year. But, our market had been white hot leading up to that. Our sales are steady now (not on fire, but steady). I would assume that's because in our immediate area, you can still buy a good hunting/recreational property for anywhere from $950 to $1,300 per acre. Our area lagged so far behind the rest of the world in price forever. Finally catching up to everywhere else.
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Re: Land Prices
[Re: Koolade]
#551774
01/22/09 07:13 PM
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Joined: Nov 2008
Posts: 83
waterfowlinrealtor
Outdoorsman
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Outdoorsman
Joined: Nov 2008
Posts: 83 |
koolade you guys have some great looking properties
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Re: Land Prices
[Re: waterfowlinrealtor]
#551775
01/22/09 07:24 PM
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Joined: Oct 2008
Posts: 408
Koolade
Bird Dog
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Bird Dog
Joined: Oct 2008
Posts: 408 |
Quote:
koolade you guys have some great looking properties
Thank you. We are very blessed to live out here in what I consider a Sportsman's Paradise....If you have anyone looking, we are more than happy to split commissions. 
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Re: Land Prices
[Re: Koolade]
#551776
01/22/09 07:36 PM
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Joined: Nov 2008
Posts: 83
waterfowlinrealtor
Outdoorsman
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Outdoorsman
Joined: Nov 2008
Posts: 83 |
well i got one client who would love to move out that way but gotta get there 161 acre place sold first. but if we get it done ill definitly give you a shout
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Re: Land Prices
[Re: waterfowlinrealtor]
#551777
01/23/09 02:56 AM
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Joined: Jun 2006
Posts: 8,346
Dave Davidson
THF Trophy Hunter
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THF Trophy Hunter
Joined: Jun 2006
Posts: 8,346 |
In my area, Montague County, an AG exemption is not at all easy to get.
Without a sense of urgency, nothing ever happens.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley, Rancher Muleshoe Texas 1892-1985 RIP
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