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If I don't sell it, I'm afraid my land valuation is going to go so high that I'll be taxed off of it anyhow." [20] From 2006 to 2021, the increase in equalized value in real-dollar amounts was 85.7% for manufacturing, 45.8% for undeveloped land, 25% for productive forest, 10.59% for agricultural, and 19.2% for agricultural forest. [21]
The government granted vast tracts of land to railroad companies as an incentive to build railways across the undeveloped western half of the country. They came during the Civil War of 1861–1865, when most of the cash budget was devoted to military expenses, and the gold mined in California was urgently needed.
In the fall of 1882, the rest of the tribe moved to Red Rock, Oklahoma, the reservation was disbanded, and the "undeveloped" land was put for sale. The few remaining Otoes were of mixed background and quickly integrated with the new settlers, most notably the Barnes's of French and Otoe background.
The legal status of land contracts varies between jurisdictions. [vague] Since a land contract specifies the sale of a specific item of real estate between a seller and buyer, a land contract can be considered a special type of real estate contract. In the usual more conventional real estate contracts, a seller does not provide a loan to the ...
There is some controversy over the management of Plum Creek's timberland, mostly from environmental groups who decry the recent move from Plum Creek as a timber management company into a developer of its land, taking advantage of the much more profitable land values that have occurred for undeveloped land in the late 1990s until the crash in real estate prices.
The Land Ordinance of 1785 was adopted by the United States Congress of the Confederation on May 20, 1785. It set up a standardized system whereby settlers could purchase title to farmland in the undeveloped west. Congress at the time did not have the power to raise revenue by direct taxation, so land sales provided an important revenue stream.
Consequently, zoning may only affect new development in a growing community. In addition, if undeveloped land is zoned to allow development, that land becomes relatively expensive, causing developers to seek land that is not zoned for development with the intention to seek rezoning of that land.
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
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