[AT] Subdivision Development

charlie hill chill8 at cox.net
Sun Dec 5 15:10:56 PST 2004


I live in a state that has a sales tax, and income tax and a property tax.

Charlie
----- Original Message ----- 
From: "Dean VP" <deanvp at att.net>
To: "'Antique tractor email discussion group'" 
<at at lists.antique-tractor.com>
Sent: Friday, December 03, 2004 8:58 PM
Subject: RE: [AT] Subdivision Development


> These states, cities, counties are going to get there money somehow. Walt
> lives in a state that doesn't have a state sales tax but does have an 
> income
> tax. I live in a state that has one of the highest state sales taxes but 
> no
> state income tax.
>
> Out county assessors are limited to a % of assessed value relative to 
> taxes.
> If they can't survive on that limitation they just raise the assessed
> valuation. It's all a game. Sooner or late the home values will be so high
> working folks won't be able to afford them and retired folks will have to
> move out because the taxes are too high.
>
> Sooner or later it will all get corrected by market forces.
>
> Dean A. Van Peursem
> Snohomish, WA 98290
>
> I'm a walking storeroom of facts..... I've just lost the key to the
> storeroom door
>
>
> www.deerelegacy.com
>
> http://members.cox.net/classicweb/email.htm
>
>
>
> -----Original Message-----
> From: at-bounces at lists.antique-tractor.com
> [mailto:at-bounces at lists.antique-tractor.com] On Behalf Of Dave Ernst
> Sent: Friday, December 03, 2004 4:43 PM
> To: Antique tractor email discussion group
> Subject: Re: [AT] Subdivision Development
>
>
> ----- Original Message ----- 
> From: "charlie hill" <chill8 at cox.net>
> To: "Antique tractor email discussion group" 
> <at at lists.antique-tractor.com>
> Sent: Friday, December 03, 2004 11:26 AM
> Subject: Re: [AT] Subdivision Development
>
>
>> We have the same thing here Walt.  It is referred to as use tax.  Meaning
>> that the land is taxed according to it's use.  Agricultural use land is
>> valued at a much lower value than the same tract would be if it were
>> bought by a developer and left idle.  ( I know that doesn't make sense 
>> but
>
>> that's what they do.)   The only catch to it is this.  If you are a 
>> farmer
>
>> or developer who continues to farm a tract and keep it under ag use and
>> you decide to turn it into a subdivision, etc. then they go back for 3
>> years, recalculate the value and make you pay the difference in the 
>> taxes.
>>
>> Charlie
> Interesting to note in this discussion is no mention of depreciation.
> The country here is primarily agriculture except the encroachment by
> subdivisions.
> If I choose to sell to a developer they do the same thing here, charge 
> back
> taxes
> like Charlie said. But as far as agricultural machinery goes, we are
> allowed a 7 year depreciation schedule, and that helps a lot,
> and the sales tax on machinery related to agriculture is 2% in this state.
> Dave
>
>
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