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Solar panels, and EV's are pocket change to the property tax breaks given to people holding tens/hundreds of millions in property in the name of preservation.
by StillBored 6y ago
Solar panels, and EV's are pocket change to the property tax breaks given to people holding tens/hundreds of millions in property in the name of preservation.
I would love to have huge ranch on some of the most prime lakefront property in texas 15 mins from downtown Austin and pay a tiny fraction of what my neighbors do for a tiny fraction of the land.
https://www.thenation.com/article/archive/tax-day-farms-owned-rich-provide-massive-tax-shelter/ https://www.thenation.com/article/archive/tax-day-farms-owne...
I'm all for greespace preservation, but if someone is getting an exception for not developing their land, then it should be open to the public as green space.
edit: (and I should point out the property valuation of the dell ranch in that article is way out of wack with the fact that adjacent housing subdivisions are having their 1/4 acre lots valued in the 200k range for taxing purposes. So turning it into a subdivision would put the just the land value in excess of a billion $ for taxing purposes.)