[AT] Subdivision Development

[Ralph Goff]

We have all those taxes here in Canada too Charlie. As well we have the GST
which adds another 7% tax. Luckily for those of us in the farming business
most of the major farm inputs are GST exempt.

Ralph in Sask.
http://lgoff.sasktelwebsite.net/

----- Original Message -----
From: charlie hill <chill8 at cox.net>
To: Antique tractor email discussion group <at at lists.antique-tractor.com>
Sent: Sunday, December 05, 2004 5:10 PM
Subject: Re: [AT] Subdivision Development


> 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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> >
> >
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