GOP efforts to eliminate them entirely aside, large ranch spreads in the rural West, with McMansion developers surrounding you on all sides, offer a new angle on the issue.
Basically, Western ranchers in places like Steamboat Springs, Colo., are having their land driven up to the price level that heirs often have to sell at least part of the farm or ranch. That’s especially with re-evaluation of the property at the death of the old owner.
Conservative easement deductions help somewhat, but not enough.
It’s a problem that the presidential candidates will need to address. But, part of the solution is at the state level, addressing reappraisal issues.
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