land prices

Anonymous-0 · Jan 18, 2009

Here in upstate New York a farmer sold off 8 acres of woods. He got $55,000.00 for it. To me that is way over priced. But the again we live in NY land of taxes and high property values. I just wanted to know land sells for west of the Mississippi. Iowa, Michigan, Wisconson Nebraska ect j

Anonymous-0 · Jan 18, 2009

I farm in northern IL,a 260ac farm sold to a nursury for about $11000 per acre. Small tacts are selling in the 15000 to 40000 an acre just depend on the location

paul · Jan 18, 2009

Location & number of houses you can put on the property as is makes a huge difference.

Sounds about right to a little cheap here in southern MN if on a good road & near a town.

Not that it would be worth it to me, mind you.

--->Paul

JDemaris · Jan 18, 2009

There's plenty of woodland available in central and upstate New York for less than $1000 per acre, sometimes a lot less. I just bought 33 acres of mature hardwoods with highway frontage (hard maple and red oak) for $18,000 and it's 45 minutes from Albany.

Prices depend on specific situation and location - just like anywhere else.

Anonymous-0 · Jan 18, 2009

Ok, but how are your guys taxes out west. For property and school. With Ag exempts here in NY 86 acres and a house barns ect are $4400.00. I know people who live on 2 acres no farm and are paying $5100.00 for taxes. Most likley they are assessed for more.

Sean Feeney · Jan 18, 2009

Where in New York, any wood, views, in the APA near Saratoga they said they are still building like crazy, but 10 miles away in Endinburg that would be over priced, my brother bought 8 acres in Minerva on a road with power for 12K about 12 years ago he never has done any thing with it, but has already paid over 8K in taxes. The next town up Newcomb has homestead act taxs there would have been around 1k for the same period. Upstate New York land can be funny, theres parts of Warren county with 80 acre min. for building permit of a house In 1999 I bought a 1 acre lot on a hill with a small building on it for CATV $500 i wish it stayed in my name not with the company back then. I still check for deals but the taxes are killer.

Rollie NE PA · Jan 18, 2009

Hi Jay, My county in PA just had a reassessement done. As an example my Base Acre was $45,492.00. Tillable is $10,055.00 Per acre and wooded with a slope of 20 is $4,000.00 per acre.
My neighbor is appraised at $73,492.00 for the base acre and $7,680.00 for tillable acres. Another neighbor is appraised at $67,492.00 for the base acre and $13,210.00 per acre of tillable. So that price for the 8 acres is not all that bad.
By the way I don't know how some farmers are going to pay their taxes

JDB · Jan 18, 2009

Just south of Omaha Nebraska a field just sold for $3250 per acre. Decent hilly farm ground but the terraces and waterways are in bad shape and need redone. Way less than the seller wanted but still more than I thought it was worth.

JMS/.MN · Jan 18, 2009

What are farm land taxes or other rates like? We have 400 acres, about 340 tillable, ex dairy, livestock buildings, 3 silos, sheds, bins, etc. cty values at over 1.2 mil, and taxes are almost 6 grand now. Orig 160/100 tillable w/ poor bldgs was $450 in 1972.

Gun guru · Jan 18, 2009

I would think that $55k for 8 acres of all woods is a good price for the buyer. 8ell I paid $38k for 2.5 acres in 1998. I am only 20 minutes from the metro area of malls, industry, concrete jungle. This is in Michigan. Now my 2.5 acres of land would likely sell for $25-30k (with no house, barn, driveway)
I have seen in NRA magazines land sell for $10k for 35 acres out west in MT, ID, ND.

How far from a metropolitan area is that 8 acres?

kyhayman · Jan 18, 2009

In this part of Kentucky it all depends on the county. I farm in two counties and own property in two others. In the county with the most development pressure, we are way over built and land values have taken a hit. I've got a tract that I bought in 2004 to develop, gave 7200 an acre for it and its probably worth 6000 now. Larger tract hay and cattle farms are bringing in the 5's to 6000 an acre. Here where I live, my tax bill is 2200 a year for 186 acres with the house. Most of thats on the house. The other farm is in the next county south. Good farm land there is bringing 3800-4200 an acre. Taxes there on 300 acres are 1200 based on an ag value of 120,000.

Anonymous-0 · Jan 18, 2009

Well about 30 miles from Albany NY, which is not a huge city, about 150 miles from NYcity. I guess I was wrong to think land was cheaper out west. Land in real rural areas of NY sells for much less then here. So It matters were you go, also property taxes around here differ. You can have a 350 thousand dollar house on .3 acres and pay $6000.00 or more in taxes,verse a house on 80 acres for $4400.00

RockyMo · Jan 18, 2009

The question is a little to vague for here in Missouri. Price depends on location, close to large city or in the middle of nowhere, timber, pasture, tillable etc.. I have seen prices range from $80,000 for 1/2 acre building lot to $800 per acre for pasture ground that is mostly rock and unusable in the middle of nowhere. For the most part though, useable ground in the rural areas will go for $2,000 to $4,000 per acre. Any ground within an hours drive of St. Louis will usually bring $14,000 or more per acre. Taxes vary just as widely by region and use.

Rocky in MO

Anonymous-0 · Jan 18, 2009

It depends on where the land is if some one wants to develope it. Heard of some ground near the Ia City area they offered 35,000 per A rite along a hi-way in a fast growing area. 60A for farminf brought 8450 buyer told auctioneer he would go to 11,000 as he wanted it.

fixerupper · Jan 18, 2009

Here in NW Iowa I paid $2200 total taxes for 83A with two building sites, one with 30000 bu storage and large machine shed and one with just old farm buildings. House tax was $551. The ag land might go for maybe $4000 tops.

A quarter section across the fence went on auction for $3300 last fall. It had some sand and a little wetland. I'm guessing it had 140A tillable. The bidding crowd seemed a little apprehensive - the auctioneer had to work real hard and long to get what he did. Other land similar to this want for $5000 last spring. Jim

WantACaseLASomeday · Jan 18, 2009

Had a section appraised in central Kansas (Pawnee Co) just over a year or so ago. Decent ground with good terraces - mostly tilled except for an odd ball pasture that follows a deep wash throughthe middle of the section. Just over $300 an acre.

Anonymous-0 · Jan 18, 2009

Away from the big cities in rural MO timber ground brings $800-1500 per acre.The bigger the tract the less it is.In the 1960's it could have been bought for $25 per acre.

NY 986 · Jan 18, 2009

SSSSHHHH! Do you want "dumb luck" millionaires bidding you out of your community?
Again, most comments here indicate no correlation between a commodity's return per acre and the land's selling price. History has shown at some point in time, the two factors have to come back into line with each other.

GeneMO · Jan 18, 2009

Dead center of MO., we paid $2200 per acres for a 50 acre tract that bordered us to the south. My son now has a contract on 120 of mostly row crop ground and is giving $2400 per acre for that. It all depends on the size and location of the acreage. We are an hour and 45 minutes from St. Louis and an hour and 30 minutes from Kansas City. Unfortunately that is too dam*ed close for me. We are still having to compete with Attorneys and Heart surgeons.

Gene

sasedivy · Jan 18, 2009

In Northern Wisconsin my brother sold off 10 acres of woods for $600,000.

Yep... That's $60,000. an acre!... Crazy!

Here in central Wisconsin, land under plow will bring between $3500 to $5000.

old · Jan 18, 2009

In my area it depends on where you are and what the land is like. Where I live it goes for about $1000-200 per acre but you go to the lake and it gets crazy. I live close to the lake of the Ozarks in Missouri and lake front stuff can sell for more then a $1000 per foot of shore line.
Hobby farm

greenbeanman in Kansas · Jan 19, 2009

Remember that appraisals are educated guess work.

In the early 1980s I had some land in Ness County appraised by a Larned appraiser and one from another county that I"ve now forgotten. They offered similar appraised values.

A couple of months later I sold the land at auction and the opening bid was nearly double the appraised price. One quarter sold for $740 per acre when two high dollar bidders decided to test the other. Sure worked for me.

From what I"m told typical Ness county land now brings about $90,000. Since Ness and Pawnee are close together together (adjoining ?) that may give you a better idea. With grain prices having been up and low interest rates I would really expect land to now sell for more than the quoted $90,000 for dryland.

Anonymous-0 · Jan 19, 2009

In the Finger Lakes of upstate NY my 160a (112 tillable) with a house and small shed,$3800/year at ag value assesment rates. It would be over $6k without the ag exemption.

Brian in MI · Jan 19, 2009

Been looking here in S.E. Michigan, North of Interstate 69. For 10 acres and a house $250,00 to $300,000 seems to be the going rate. For the shape of the economy here this still seems way over priced.

WantACaseLASomeday · Jan 19, 2009

Thank you greenbeanman - I feel some better. Yes, Ness and Pawnee touch at corners I think. Larry Carr in larned is a good man and competent appraiser but you are right that the market has changed in the last several months. Hope it is worth more because that section is about all my mom has left.

Anonymous-0 · Jan 19, 2009

The state put out values for the different counties in pa for land in clean and green. Luz co appraised my one section of a field at a little under 400 @ acre and the remainder of the same field at over 7,000 @ acre. The tax people will have a oppourtunity to explain them selves tomorrow. The county is supposed to use the amounts put out by the state. Aprox 600 @ acre is the max for a acre in luz co.

jiskies2 · Jan 20, 2009

probly for hunting

taxes differ in ny as well though from town to town and county to county.

land prices

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