[WSBARP] Questions: Agricultural Exemption for Property Taxes and Gifting Land

[Nicole Potebnya]

Dear Listserv:



PC bought 100 acres of undeveloped land in Thurston County.  PC intends to
subdivide, build a home on its parcel and gift at least 3-4 parcels to
adult children to build homes on.  PC intends to have livestock, as well.



Question 1:  What kind of standards does the PC need to meet to obtain and
keep an agricultural exemption for property tax purposes?



Question 2:  What is a tax friendly way for PC to gift the parcels to
children to build their homes on?  Perhaps part of an estate planning
structure?



Any assistance would be appreciated in answering the above questions.



All My Best,

Nicole



Nicole M. Potebnya

*Attorney at Law*

direct: 360-507-8924



P.O. BOX 6550

OLYMPIA, WA 98507

(360) 507-8920

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