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Updated almost 6 years ago on . Most recent reply

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32
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Darryl K
  • Real Estate Investor
  • Rochester, NY
0
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32
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Land and agricultural use

Darryl K
  • Real Estate Investor
  • Rochester, NY
Posted

I understand that any plot of rural land over 5 acres is usually classified as agricultural, which is the cheapest tax designation. If I wanted to create a sub-development of some sort, would it be smart to locate this "agricultural land" and convert it in order to save $$$ on taxes?

Just a random question, thanks.

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