Updated over 8 years ago on .
Land Strategies for 1 Acre
I was wondering if anyone had any recommendations on any tax strategies to lessen the tax burden or creative ideas to utilize the property. Once I graduate college, my mom will be transferring me one acre of land (from my family's original plot). The one acre is in a rural area and there are at least a dozen trees on the property (but a large opening in the center). Taxes on the property run from about $700-$800 a year. There is no drilled well or any utility hookups (could tap into electrical line that runs back the lane). The acre has dedicated road rights off of the lane that runs back to a farm; however, the lane has trees on both sides of the lane so in order to enter the property I would have to cut down a tree. The owner of the farm is not the most reasonable person, so I fear to cut down a tree I would have to go through a lawyer. One alternative to entering off of the lane is to enter my property off of a neighbors driveway but, I do not have legal permission to enter off of their lane yet so I would need to hire a surveyor/lawyer to change the land plat rights or deed. Any insight is appreciated!