Taxes on your acreage/hobby farm
 
 

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Taxes on your acreage/hobby farm

This is a discussion on Taxes on your acreage/hobby farm within the General Off Topic Discussion forums, part of the Life Beyond Horses category
  • How much is property tax for 10 acres
  • How much property tax do i pay on acreage

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    04-09-2012, 06:18 PM
  #1
Started
Taxes on your acreage/hobby farm

I read that when you have a house in the country, it isn't true taxes are lower. That it's expensive because there is more land than people, so when the costs are divided, the individual pays more, than there's the fact that the more acres of land you have, the more it is of course. Is this very true, partly true, depends? So I'd like it if those you own land (it can be from a few acres to a thousand, in partly or fully rural areas) to share their experiences.

Basically:

How many acres of land do you own?
Where are you situated?
Approx. What you pay (if you feel comfortable sharing)
(and if you have an idea) what would you pay if let's say, you had a house in town or in the city and just had a couple thousand square feet of land.

Thanks for quenching my curiosity.
     
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    04-09-2012, 06:21 PM
  #2
Showing
It depends on how the land is zoned that determines taxes, not the amount of people. In what state you live also determines how much in taxes you pay. Agriculturally zoned areas historically pay less in taxes than those with city or town municipalities.

I have a 5 acre hobby farm in south central Virginia. My property taxes are less than $600.00 per year. However, that's for me and my area. I have a friend who lives in New York state who pays massive amounts of property taxes every year for about the same amount of land.
     
    04-09-2012, 06:28 PM
  #3
Showing
When I lived in Bucks County, PA, I had a 10 acre farmette and when I moved to SC in 2001 my taxes were ~$4,500. Due to development in the county, I understand that taxes on the property are close to $10,000 now.

In Anderson county, SC, I have 25 acres, a 2,500 sq foot home, a large barn, a large block shed, a seperate garage/workshop, and a pavilion by the lake. We get a break on property taxes because we grow our own hay and have horses. Taxes last year were $890. Without the ag break we would be paying twice that.
     
    04-09-2012, 06:42 PM
  #4
Green Broke
Where I've owned property-it starts w/the initial purchase price, then improvments are added in, the amount of land owned, maybe an extra assesment for a well, school district, & whatever surcharges they can get away for the area. Then it will probably go up a bit every year also. If you have a mortgage, you have to have fire insurance, to protect the mortgage holder.
     
    04-09-2012, 06:59 PM
  #5
Banned
Speed Racer is correct...taxes are not determined by the quantity of land.

Taxes are highest in cities and towns because they have to pay for more schools, traffic lights, streets and streetlights - there is far more infrastructure to pay for in a city than in the country.

Also, historically landowners are politically powerful, and as a result taxes on land are low...
     
    04-09-2012, 07:02 PM
  #6
Trained
Ha, we have 10 acres and our taxes are ~$5,500 a year. The house is about 2600 sq ft. I live in a nice "upper class" city in southwest Michigan and in my county, Schoolcraft (where I live) and Mattawan (next city over from me) have the highest property taxes. Many people don't move here because in the next towns over, you can get a cheaper house, more acreage and lower taxes compared to this place.

When we lived on 1.5 acres in the country (just 1 mile down the road from where we live now) our taxes were under $1000, but, that was 12+ years ago and before the new HS was built and the new town hall and this and that and that and this was added to our town. And out house was almost half the size at 1400 sq ft.

Our taxes are crazy high!

My brother lives about 45 minutes south of me and his taxes are about $1500 a year for 2.5 acres in the country.
     
    04-09-2012, 07:12 PM
  #7
Started
Quote:
It depends on how the land is zoned that determines taxes, not the amount of people. In what state you live also determines how much in taxes you pay. Agriculturally zoned areas historically pay less in taxes than those with city or town municipalities.
Quote:
Speed Racer is correct...taxes are not determined by the quantity of land.

Thanks for the clarification. :) I see how that makes more sense.
     
    04-09-2012, 07:15 PM
  #8
Started
Quote:
Our taxes are crazy high!


You should see what my dad pays. He would be dying to pay so little for 10 acres (or even better, as much as Iridehorses). But then we live in the city and in a neighborhood that suddenly boomed 10 years ago. It used to be small and unknown, but know it's filled with people renovating and trying to sell their house for a million dollars. They're nice homes, but they exaggerate sometimes. They get away with it though because everybody seems to want to move here.
     
    04-09-2012, 07:17 PM
  #9
Green Broke
I have a 2200 sq foot house on 10 acres, mine are about 1k a year. No way I would live up north. Spend 10 times as much for nothing in return.
     
    04-09-2012, 07:26 PM
  #10
Green Broke
Quote:
Originally Posted by CLaPorte432    
Our taxes are crazy high!

.
Michigan taxes are crazy High,
Our family has a summer cottage on lake Michigan, no heat or AC 100+ years old, 200 feet of private beach, winter taxes $1875. Summer taxes $5545.

My grandfater bought the house in 1937 for $3000. And he thought it was highway robery.


My "farm" in MO has 57 acres, 3 acres residential for the house, 54 acres agricultural. Taxes are $2900 with $2200 going to the school.
     

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