posted on Feb, 10 2019 @ 10:43 AM
a reply to:
LightSpeedDriver
The land value varies greatly depending on a multitude of things: location, what is on the land, natural features, structures that may already be
there, mineral rights in some cases.
The value also varies depending on the region of where in the US you live.
Here where I live, the further away from cities you are, the less expensive the land is, especially if it is not developed (not cleared, no roads, no
structures) and you can get some of it for as low as $2,000 to $3,000 USD per acre. Get closer to the cities and that price can go way, way up, to
where you could easily be paying up to $100,000 per acre in the city itself.
Cost of a house varies quite a bit too. You can either purchase a mobile or prefab home, which can run as low as only $40,000 USD, or have a home
built, which, depending on how big, how it's made, and what all you want to have installed could cost literally hundreds of thousands of
dollars.....or more.
There are property taxes here in the state I live in. I have to pay taxes on both the land and homes each year, vehicles too. The amount of tax
depends upon the value of the property.