Tax Saving and Revenue Generating Opportunities
Saving on Income Taxes: The land, or portions of it, can be put into a conservation easement. That would generate a tax deduction against regular income. Contact the Columbia Land Conservancy, https://clctrust.org, for more information.
Selling Portions of the Property: Here’s where the already approved subdivision comes in handy. For the buyer who intends to live on the property, use one or several lots for their home, and sell off lots they don’t intend to use.
Developing the Property: A developer could build homes on the existing lots as envisioned by former owners.
Harvesting wood: The property is about 70% wooded.