Are you planning to set up a place to retreat, create memories, and spend time with family? Perhaps you’re just looking for where to invest your money without worry about loss after inflation. A ranch is a wonderful investment. This offers a combination of both a family retreat and a prime investment. Given are 6 benefits to make you invest in a ranch.
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Property tax benefit
It’s a wonderful idea to earn or preserve your agricultural property tax status. Property tax varies by state but in Wyoming, qualifying agricultural land is taxed on production value, not on market value. It’s the presumed value of products that can be produced on the land that is considered. The property tax here is applicable to just a fraction of the property’s market value. Continue reading