The Agricultural Tax Exemption
Learn this technique to potentially save thousands of dollars on your property taxes each year!
As a real estate attorney focusing on land and ranch law in New Mexico, a question I always receive from land investors is about carrying costs, specifically property taxes. Often times, these investors will not be residents of New Mexico will divulge to me they are paying exorbitant property tax rates, sometimes $15,000 - $20,000 per year on small residential lots in their home states. Texas and other states on the east coast are notorious for these high property taxes, leading some potential ranch investors to get cold feet when it comes to purchasing large swaths of land.
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