3 ms·
Not really. The property taxes on a piece of land I own are about $200 per year, which can be paid in perpetuity with a low five figure endowment stored in zero
by InefficientRed 4y ago
Not really. The property taxes on a piece of land I own are about $200 per year, which can be paid in perpetuity with a low five figure endowment stored in zero risk FDIC-insured CDs. In most counties, property taxes are fairly marginal and come nowhere near necessitating that land is used productively.