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<blockquote data-quote="tom4018" data-source="post: 1657324" data-attributes="member: 55"><p>Tax values are set so much for timber ground, pasture and crop. They are taxed at lower rates than say a 5 or 6 acre tract. I grew up in Lexington and moved in 1995. We tried buying just a few acres within 30-40 minutes of Lexington and it was crazy high, back then hard to too much for less than 5,000 a acre. I spoke with a realtor about a farm someone was trying to sell me, 12-1500 for timber land, most pasture 2500 or so, crop ground 3500 or so, some areas around me are a lot higher but have seen several farms average 3500-4000 a acre with no buildings. Road frontage and how dividable it is plays a part not counting the buildings. Size of the tract affects value a lot also. Roughly how big of a place is it?</p><p></p><p>I had to have mine appraised 4 years ago for a equity loan and they put $1700 average on the land with about 60% of mine being wooded, hardly any road frontage as we are off the main road on a chip and seal road.</p></blockquote><p></p>
[QUOTE="tom4018, post: 1657324, member: 55"] Tax values are set so much for timber ground, pasture and crop. They are taxed at lower rates than say a 5 or 6 acre tract. I grew up in Lexington and moved in 1995. We tried buying just a few acres within 30-40 minutes of Lexington and it was crazy high, back then hard to too much for less than 5,000 a acre. I spoke with a realtor about a farm someone was trying to sell me, 12-1500 for timber land, most pasture 2500 or so, crop ground 3500 or so, some areas around me are a lot higher but have seen several farms average 3500-4000 a acre with no buildings. Road frontage and how dividable it is plays a part not counting the buildings. Size of the tract affects value a lot also. Roughly how big of a place is it? I had to have mine appraised 4 years ago for a equity loan and they put $1700 average on the land with about 60% of mine being wooded, hardly any road frontage as we are off the main road on a chip and seal road. [/QUOTE]
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