They pay on all land if they own it.

Post #296,109 by bepatient 11/16/07 6:09:27 AM Reply	They pay on all land if they own it. Based on assessed value, which is higher if they prep it for development. Too much of today's music is fashionable crap dressed as artistry._{Adrian Belew}
Post #296,137 by crazy 11/16/07 6:45:19 PM Reply	But what about when there is no comparable houses? Taxes are based on value. Value is based on what it can sell for. Sell for is judged by looking around the block and seeing what other houses with the same approximate construction, same condition, yadda yadda yadda, have sold for in the last few months. But in this case if an entire neighborhood is empty, with no slaes history, how could anyone judge what the house is worth?
Post #296,141 by bepatient 11/16/07 7:40:53 PM Reply	Dude, there is a market for land only and thats what the valuation is based on. Thats actually the current year tax basis for the homes I'm looking at down here...they are under 1 yr old...so the tax valuation on file is the cost of the land only...and thats what the builders pay taxes on...and they get no break for ownership (resident owners have a tax ceiling). Since we're going to year end...this tax bill is actually going to help me get a really good deal :-) (hopefully enough to offset the really bad one I'm likely to get when the house up there sells:-( Too much of today's music is fashionable crap dressed as artistry._{Adrian Belew}

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