Thread: Farm Island
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Old 07-27-2019, 09:33 PM   #57
ursa minor
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I’ve heard that the property may be in “current use” tax status. From my understanding that would mean either the seller or the potential buyer would need to come up with the difference between the reduced current use tax rate and the residential rate from the time the current use variance was granted. Depending on how long the island has been in “current use” that could be a tidy sum.
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