Land Conservation Under Fire: How the New Omnibus Bill Impact Conservation Easements
The Wealth Elevator Podcast: Real Estate, Taxes, Investing
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Investing $100,000 in a Land for a Million Dollars
The tax saying is that a million dollar piece of land can be re-evaluated for a higher and better use. In some cases it could be developed 20x, 30x. The ratios were being pulled back to 5x in years prior to 2023. With the omnibus, there is a little bit more of a ruling system around the governments of this multiple. And that multiple now is 2.5x.
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