General Discussion

Martin68

(26,198 posts)

59. That is true. Land that is actively farmed is valued for taxation purposes at a much lower rate than residential land.

Reply to OrangeJoe (Reply #54)

Wed Jul 23, 2025, 12:17 PM

Wednesday

However, the value of the land were it to be subdivided for residential use is often quoted in evaluating a farming family's wealth. As long as they farm the land, they have no access to the capital they could earn if they stopped farming and sold the land for subdivision.

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Trump's Dementia [View all] surfered Tuesday OP

"Death taxes". Maga talk Walleye Tuesday #1

And the only farms lost to taxes.... HuskiesHowls Tuesday #7

Taxes are a privilege not a penalty. Walleye Tuesday #8

My grandmother always told me, "No one ever got poor paying taxes." sarchasm Tuesday #16

I think nobody completely agrees with the way our tax money is spent.But I don't consider Medicaid to be "spending money Walleye Tuesday #29

Math OrangeJoe Tuesday #19

Your comparison is a bit off. Under Biden, the exemption was $27.2 million per couple. Ms. Toad Tuesday #26

Or they could just give their farm to their heirs before they die Walleye Tuesday #31

Not always possible. Ms. Toad Tuesday #32

My mistake OrangeJoe Wednesday #53

So here's another twist. Ms. Toad Wednesday #58

I have very little sympathy for someone who owns a farm worth over $13 million Walleye Tuesday #30

I guess you are unfamiliar with the concept of "land rich, and cash poor." Few family farms have a lot left over for Martin68 Tuesday #39

I take your point. My mom face the same situation of being land poor during the Depression Walleye Tuesday #45

As I understand it & I could be wrong. OrangeJoe Wednesday #54

That is true. Land that is actively farmed is valued for taxation purposes at a much lower rate than residential land. Martin68 Wednesday #59

They're small farms atreides1 Tuesday #2

Census. 83000 between family farms and coops. bullimiami Tuesday #3

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Yep. "...the mainstream media's loathsome double standard..." calimary Tuesday #10

I admire your obvious experience and expertise. (nt) Paladin Tuesday #23

Awwwwwww, thanks, Paladin! calimary Tuesday #36

I have a daughter whose middle name is Elizabeth. Paladin Tuesday #41

I figured if it was good enough for a queen and a saint, it was good enough for my baby! calimary Tuesday #42

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surfered.............. Upthevibe Tuesday #6

Math is so woke Botany Tuesday #21

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Still doesn't quite math dpibel Tuesday #11

Oh, sure, it's still nonsense DavidDvorkin Tuesday #20

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Pigs evilhime Tuesday #14

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I think that is supposed to be "2 billion (dollars worth of) family farms" eggplant Tuesday #37

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Don't forget while talking about farms that MW67 Tuesday #44

Will Iowa Magats notice, or care? No. The good news is that as Phoni Joni Hassler Tuesday #47

In the ever accurate words of Representative Jasmine Crockett Attilatheblond Wednesday #48

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But each Iowan JDAcme Wednesday #50

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How's this differ from his pathological lying? live love laugh Wednesday #52

It doesn't matter lonely bird Wednesday #56

Come on, each corporate family MIGHT own 3M other ones? Brainfodder Wednesday #57