Quote:
Originally Posted by GatorB
and when you're part of the city you can pay city property taxes on top of your county property taxes which will no doubtly will get higher due to the increased value of your land being part of the city.
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Sure, if the annex passes the vote my taxes will go up a little because I will now have to pay city taxes on top of county, state etc. Also, the value of the land as it sits should go up a little bit just because it is now eligible for city services.
However, if I do put a house on it then the value of the land will go up considerably and so will the taxes. But if I do that I would either sell/rent the house I live in now and live in the new place or just build it and sell it so the tax increase wouldn't bother me for too long.
My ideal situation is that eventually I can get the multi-residence zoning and just sell the land to a developer and walk away with a nice profit.