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Re: Post below about real estate taxes


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Posted by Billy NY on October 18, 2014 at 08:04:13 from (66.67.105.23):

In Reply to: Post below about real estate taxes posted by wile E on October 18, 2014 at 04:54:27:

98 acres and its attached to the below, but separate on paper, that's $8000 roughly, 3 contiguous tracts, no crops since '10, no improvements at all, the only building that still stands is the old milk house. 20+ acres in marsh/wetland, majority of that is one large tract, forever wild, 6 feet of water, which was not so years back, beaver raised it, it took more of one of our fields, just look at the aerial/satellite imagery over the years. They rebuilt the causeway and never let the water go lower like it was. They also put up a sign, built a road along the causeway, sign says public viewing area, of our wetland, property line is face of sheet piling give or take, I spoke to the resident engineer about the offensive sign and occasional problem it causes, full assessment on that and to date, there has been no means to get it reduced, I am looking into that, the whole thing is lop sided, a significant burden, and lately a hardship. Most don't mind paying their share, but its a mortgage payment that never goes away, and you know what is always said next, "and I get nothing out of it" No public utilities at all, yet they are nearby, not in this stretch. The lining in this dark cloud is valuable road frontage, at some point in the near future that piece will have to provide, and I believe can meet the state/county tax anty, + then some, without that, its an extremely hard develop, wetland, shale, steep terrain in many places, which makes it a hard sell. TSC spent a fortune to excavate 20' of shale for their new store in '11, across the road, and they paid almost 2M for that land besides. Plus we have high voltage transmission lines bisecting the middle, in essence its a situation where an owner has little mobility, you need something more secure than ag crops to sustain it. Hay could meet the tax bill, but its not going to do that without a significant investment, equipment, storage sheds, planting, soils are excellent, top soil built up from all the trees and vegetation. The weather may also dictate what you get year to year, not to mention equipment and or labor issues. Kind of a unique quandary, if you were buying this land, taxes and a mortgage, ouch...... !

House is $6000 total, its on 3 decent size lots, couple acres, not a small house, but nothing all that fancy or extravagant.


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