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

[Bryce Dille]

See county assessor for requirements to get Ag exemption. If to be divided among family may want to consider testamentary subdivision please call if questins

Bryce H. Dille
Dille Law, PLLC
2010 Caton Way SW Ste. 101
Olympia, WA 98502
Office: 360-350-0270
Cell: 253-579-5561

[R_Alan_Swanson-WH-200]
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Business Entity Creation and Management, Business, Government and Tax Law, Real Estate and Land Use, Residential, Commercial and Condominium Development Real Estate and Commercial Transactions & Closings, Including Performing Services as IRS Section 1031 Exchange Facilitator Estate Planning, including Wills and Trusts, and Probate Administration Representation Homeowners/Condominium Association Real Estate Developments Real Property Foreclosures and Forfeitures.

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Nicole Potebnya
Sent: Wednesday, October 11, 2023 9:00 AM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Questions: Agricultural Exemption for Property Taxes and Gifting Land

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

[cid:image003.png at 01D9FC4C.09663EB0]
P.O. BOX 6550
OLYMPIA, WA 98507
(360) 507-8920
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