BiggerPockets

In Tx you can be outside the city limits but inside what is called the city's etj (extra territorial jurisdiction). If you are in the etj, then you may have to go through the city's zoning process. I would tend to not change zoning if the county allows for 5 acre MH sites. Typically, property zoned ag would be valued less than residential.

Does Fla have a rollback tax on property that loses an ag exemption?

I would be sure to double check those assumptions,,since they havent put those in writting,right?

everywhere is different. 'here' NO mobile homes anywhere,period AND only one house per 40 to 80 acres,,,so if one is built thats it for that piece of land.UNLESS a subdivision is created meaning who is putting in roads,water and sewer concerns,,,LOTS of red tape

I cant believe your area is LESS restrictive.

they have rules we havent even heard of yet,here!!

better check with a couple someones who has done it recently AND then go in with eyes wide open.

Developing land just isnt that easy!!! And thats basicly what your doing.

hope it works but somebody saying you dont have to,,,just sounds so wrong!!(do they really KNOW what your trying to do??)

Kim,

I have been in the lending industry for many years, from a lending stand point AG is considered be a higher risk & underwriting tends to be much more conservative on AG zoning versus commercial or residential zoning i.e. lenders in this market may lend on land up to a 50% leverage, however, AG zoning the leverage will be held to 25%-30%. The underwriting thought is that there is a smaller market of buyers for AG zoned land & the usage is somewhat restricted to what these potential buyers may do with that land. Bottom line in the event of a foreclosure/fire sale of the land the lender most likely would have to make some large concessions to move the asset off their books. I hope this helps going into & out of this asset.

Best of Luck,

Dave

I like the ag for a 5 acre, because they can be sold as ranchettes. In ag zoning, people can have a horse, or a flock of chickens.

People who are not interested in country living don't buy 5 acre parcels. People who are interested in country living aren't so much interested in a place where they are not allowed to live like they are in the country.

They rarely actually get that flock of chickens, so livestock doesn't turn into a problem. If you are doing the subdivision, you can put CCRs into place that forbid pigs, donkeys, and roosters.