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Re: development on development
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Posted by georgeky on April 16, 2007 at 12:59:25 from (205.188.116.14):
In Reply to: development on development posted by Dave from MN on April 16, 2007 at 09:10:15:
Dave this is happening all over I guess. I live 15 miles from town and there are new housing project all around me now. The biggest trouble they will raise your property tax, just because the adjacent land is worth more dollars now. To the city fathers as my grandpa called them it is a way to make more money for their silly spending practices. There is no way for us farmers to pay taxes on a acre of land valued by them at 30 or 40,000 dollars per acre. I am angry to,but for different reasons than Walt it seems. The good land around here is bringing 5 to 7000 dollars an acre by land developers driving up the price. How can you farm 7000 out of an acre of land. Multiply that by a couple of hundred and you can't pay the interest on it much less the taxes to.
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