Quote:
Originally Posted by GatorB
Live there or not he still has to pay the taxes. He'll hold the land until he can sell it. What makes you think he can sell it fast in this economy? Heck my next door neighbors have a really nice house that's been on the market for almost 3 years moved out of it a year and a half ago. dropped the price by 25-30% Still can't sell it. So they are paying 2 payments. This house and the house they moved to.
|
At this point the time frame is wide open. The annex isn't on the ballot until the 2012 election. So if it passes it will be early 2013 before it even goes through. Assuming that happens I then need to get re-zoned. There is no telling how long that could take. I did some research and it looks like once the annex happens my taxes on the land will increase by a few hundred dollars per year. So it is going to go up, but I am willing to pay that for what I can potentially gain down the road.