For those on the thread who keep pointing out that this is not in Boston and the real estate isn’t worth that much, I would counter that it’s difficult to believe that a family who’s held real estate in Massachusetts for 350 years is not doing ok.
For those on the thread who keep pointing out that this is not in Boston and the real estate isn’t worth that much, I would counter that it’s difficult to believe that a family who’s held real estate in Massachusetts for 350 years is not doing ok.
This is exactly what it is here in NJ. They’re called ‘fake farmers’ here, and a quick google search will show you they cost the state tens of millions in lost tax revenue per year. Its all the usual suspects too, you know, the kind of celebrities that lecture you on giving and their politics. Those quaint farm stands are just a ruse to keep their tax bills to a minimum on >5 acres if expensive land in wealthy counties.
Ok, fine. They don't get the benefit, and they pay more in taxes...or they sell, the houses are demolished, and the land is put to more "productive use" (i.e. sprawl/suburbs). The county or the city or what have you gains more in property taxes, and the evil rich people are no longer getting away with not paying more taxes.
But now instead of uncultivated land (remember, it was a fake farm), you have concrete, asphalt, hardy board, one or two species of grass, crepe myrtles...you get the picture.
If anything, there should be a national wildlife sanctuary tax exemption program, so that this is actually codified.