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Financing Farm with House
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Dennis SEND
Posted 2/21/2015 14:46 (#4403250 - in reply to #4403127)
Subject: RE: Financing Farm with House



Beans - 2/21/2015 13:32

Dennis, in our county if off farm or custom work exceeds $40,000 for three years in a row they tax the house separately. Home 1/4 taxes doubled from it.


That could be the case here as well I don't know, I never been in that situation, I have done some custom work but it has never exceeded 40k a year I do know of one guy that farms a lot of land (all rented) but only owns 5 acres of land (where his house sets) but still has to pay taxes on his house.
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