Is there a way to carve out exceptions? Or make changes?
Frankly id be happy to keep ag prop tax what it is for people who live on that land and try to keep scratching out a living on it.
But its also part of why these ranches are so attractive as investments which drives the market up and stops real ranching families from expanding.
taxes on ag land or homes, i think,
should be taxed on the value of the property at sell time
im my dad still lives in the house he bought 30 years ago for 50,000.00. he never sold it he should pay taxes on the 50,000, if he sells it for 400,000.00 the new guy gets the tax burden,
ranch land same way, your family owned it forever, paid very little, thats what your taxed on,
Jo Scmo. pays 40 million for it, he pays taxes on 40 million,,, when a person sells he can work thru the profit taxation situation