|
Re: I'm still pinching myself
[Re: run]
#6591792
08/10/19 07:05 AM
08/10/19 07:05 AM
|
Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
HobbieTrapper
"Chippendale Trapper"
|
"Chippendale Trapper"
Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
|
If it was on the East Coast, it would be in the millions. Hundreds of millions. It would be a small fortune alone having that elevation hauled in. lol
-Goofy-
|
|
|
Re: I'm still pinching myself
[Re: Wife]
#6593038
08/12/19 10:35 AM
08/12/19 10:35 AM
|
Joined: Jan 2008
Posts: 9,221
Alaska and Washington State
waggler
OP
trapper
|
OP
trapper
Joined: Jan 2008
Posts: 9,221
Alaska and Washington State
|
As my uncle told me years ago: "You can't eat the scenery"! All real estate property needs some maintenance, whether its mowing grass, spraying weeds, shoveling snow, trimming trees, bulldozing road(s) etc. etc.. You have some therapy under your management now and it will reflect the work you invest ( Unc also said "its only work if you would rather be somewhere else"). Since you stated the price was below the assessed value why not truck on down to the county courthouse and inform them of the purchase price for a reduction in next year's property taxes. You can prove it is NOT worth the assessed value. If you do it now it may save you from having to protest a higher valuation when tax time rolls around. They should be able to adjust that (even if they don't want to) for you. Oh, and send/post your first picnic picture of you by the lake (maybe with a fish or two) as we want to see you "WORKING" LOL. The only thing on this property that really needs maintenance is the road to the lake. A US Forest Service road runs through the valley that cuts through the property from approximately the SW corner to the NE corner. The road to the lake has had no maintenance for over forty years, it's turned into a boulder strewn jeep trail that switch-backs up the hill for two miles. I started working on this road a couple of days ago. https://www.youtube.com/watch?v=n0FuXQfQ4wgRegarding property taxes; the property is in "timberland" tax classification and the taxes are only $600 a year, if it weren't classified as timberland the taxes would be about $8600 a year, so I'm not complaining. No fish pictures yet but here's a short video taken from the highest point on the property about midway on the west boundary line. Video pans to the east over the the parcel. https://www.youtube.com/watch?v=ImL7abHNngU
"My life is better than your vacation"
|
|
|
Re: I'm still pinching myself
[Re: waggler]
#6593060
08/12/19 11:28 AM
08/12/19 11:28 AM
|
Joined: Sep 2008
Posts: 6,696
Newark, Ohio 83 years
Actor
trapper
|
trapper
Joined: Sep 2008
Posts: 6,696
Newark, Ohio 83 years
|
Looks like you need a dozer for that road …. Beautiful property other than the road.
Garry-
“Don't pick a fight with an old man. If he is too old to fight, he'll just kill you.”
Have been trapping 77 years…
|
|
|
Re: I'm still pinching myself
[Re: waggler]
#6593207
08/12/19 05:09 PM
08/12/19 05:09 PM
|
Joined: Aug 2008
Posts: 16,274
ny
upstateNY
trapper
|
trapper
Joined: Aug 2008
Posts: 16,274
ny
|
As my uncle told me years ago: "You can't eat the scenery"! All real estate property needs some maintenance, whether its mowing grass, spraying weeds, shoveling snow, trimming trees, bulldozing road(s) etc. etc.. You have some therapy under your management now and it will reflect the work you invest ( Unc also said "its only work if you would rather be somewhere else"). Since you stated the price was below the assessed value why not truck on down to the county courthouse and inform them of the purchase price for a reduction in next year's property taxes. You can prove it is NOT worth the assessed value. If you do it now it may save you from having to protest a higher valuation when tax time rolls around. They should be able to adjust that (even if they don't want to) for you. Oh, and send/post your first picnic picture of you by the lake (maybe with a fish or two) as we want to see you "WORKING" LOL. The only thing on this property that really needs maintenance is the road to the lake. A US Forest Service road runs through the valley that cuts through the property from approximately the SW corner to the NE corner. The road to the lake has had no maintenance for over forty years, it's turned into a boulder strewn jeep trail that switch-backs up the hill for two miles. I started working on this road a couple of days ago. https://www.youtube.com/watch?v=n0FuXQfQ4wgRegarding property taxes; the property is in "timberland" tax classification and the taxes are only $600 a year, if it weren't classified as timberland the taxes would be about $8600 a year, so I'm not complaining. No fish pictures yet but here's a short video taken from the highest point on the property about midway on the west boundary line. Video pans to the east over the the parcel. https://www.youtube.com/watch?v=ImL7abHNngUWhat does "property is in timberland" mean?Do you need permission to harvest that timber?
the wheels of the gods turn very slowly
|
|
|
Re: I'm still pinching myself
[Re: upstateNY]
#6593219
08/12/19 05:38 PM
08/12/19 05:38 PM
|
Joined: Jan 2008
Posts: 9,221
Alaska and Washington State
waggler
OP
trapper
|
OP
trapper
Joined: Jan 2008
Posts: 9,221
Alaska and Washington State
|
^^^^^^^
Back many decades ago the State of Washington taxed people every year for the value of the timber that was standing on their property. This caused many people to cut all their timber and not reforest in order to avoid paying the "timber tax".
It didn't take a genius to realize that this was a terrible tax strategy.
When they changed the taxing structure the big timber companies (Weyerhaeuser, etc) lobbied to have a very very low tax rate for timberland, and then pay the State a 5% tax on the timber when harvested. This has actually work quite well. If you have fairly large tracts of land you can also put it in a "open space" classification and pay comparable rates. Many times there is a penalty if you then want to develop the land and change it's use and tax classification.
Yes, you do need to apply to the DNR for a timber harvest permit, generally not too big of an issue, the main concerns are fish bearing stream protection, etc..
"My life is better than your vacation"
|
|
|
Re: I'm still pinching myself
[Re: waggler]
#6593233
08/12/19 06:01 PM
08/12/19 06:01 PM
|
Joined: Aug 2008
Posts: 16,274
ny
upstateNY
trapper
|
trapper
Joined: Aug 2008
Posts: 16,274
ny
|
^^^^^^^
Back many decades ago the State of Washington taxed people every year for the value of the timber that was standing on their property. This caused many people to cut all their timber and not reforest in order to avoid paying the "timber tax".
It didn't take a genius to realize that this was a terrible tax strategy.
When they changed the taxing structure the big timber companies (Weyerhaeuser, etc) lobbied to have a very very low tax rate for timberland, and then pay the State a 5% tax on the timber when harvested. This has actually work quite well. If you have fairly large tracts of land you can also put it in a "open space" classification and pay comparable rates. Many times there is a penalty if you then want to develop the land and change it's use and tax classification.
Yes, you do need to apply to the DNR for a timber harvest permit, generally not too big of an issue, the main concerns are fish bearing stream protection, etc.. Not too keen on paying for land,,then needing permission to use it.In my area there is a lot of land for sale cheap,but parsels of it will be "registered marshland"Pretty much they want you to pay the taxes on it and call it yours,,but then you have to jump through hoops and do backflips and cartwheels for permission to stick a shovel in the ground.No thanks.
the wheels of the gods turn very slowly
|
|
|
|
|
