It's like you are describing one of my friends. Triple taxing would fall on them (taxed money bought the ground, it will be taxed when inherited, and it will be taxed when sold)
Here's the scenario with a little background to start.
40 acres a few miles east of Ankeny just sold for $75,000/acre...
Everyone knows someone with 1500+ and they then overestimate how many farms are of that size because of that.
Within a 10-mile radius of my farm, there are three owners over 1500 acres. A 10-mile radius covers 200,000 acres. That's a lot of acres not held by a 1500+ landowner.
If the family...
The current exemption is $12.92 million. It went UP another $850k this year. It doubles for husband/wife ($25.84 million) and the surviving spouse gets carryover if the full amount isn't dispersed after the first spouse passes. There is no way the whole 1500 acres in your hypothetical farm is...
Maybe the first domino is starting to fall. Vacation home sales are down 50% (per redfin data) from pre-pandemic levels. That's a monster dip considering they spiked during the pandemic and have now fallen below 2019 levels. Rec ground and vacation homes are similar in that discretionary...
Correct. One LOT AnySex for $2. One LOT antlerless for $2. The additional two LOT tags are also antlerless but for $15 each. LOT antlerless can be purchased even if the county has an allotment of zero doe tags otherwise
Disabled veterans already qualify for lifetime privileges in iowa. Here is the application
https://www.iowadnr.gov/hunting/hunting-licenses-laws/license-applications
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