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In subdividing acreage, how do I get past the Williamson act in California? |
I work for a Real Estate investment company and recently I came accross some acreage. I spoke with the owner of the acreage and he notified me that the property is under the Williamson act which lowers the taxes, but will give them the inability to subdivide. If someone purchases the property, does that still apply to the new owner? I don't know if there is a way around this without facing fines from the local government, but if there is, I would like to know about it! When you buy a property and take the property out of the williamson act you have to wait 10 years before you can subdivide the property. Check with the laws of your state. From my understanding, I don't think their is any way around it. |
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