OPPORTUNITY KNOCKS
This is a real estate – 50+ Acres
$190,000,000
45 OF THE ACRES DESIGNATED FOREST UNDER CT PUBLIC ACT 490
Q: What is Public Act 490 and Use Value Assessment?
A: Public Act 490 is Connecticut’s law (Connecticut General Statutes Sections 12-107a through 107-f) that allows your farm, forest, or open space land to be assessed at its use value rather than its fair market or highest and best use value (as determined by the property’s most recent “fair market value” revaluation) for purposes of local property taxation. Without the lower use value assessment, most landowners would have to sell the land because they would not be able to afford the property taxes on farm, forest, or open space land.
Taxes – $156.116
OK so the kitchen is in the basement – and it was last renovated 27 years ago – digging a little deeper for a lovely piece of paradise!
Bank of America, N.A. v. Copper Beech Farm, Inc. et al
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| Plaintiff: | Bank of America, N.A. |
|---|---|
| Defendants: | Copper Beech Farm, Inc. , John M. Rudey and Laurie G. Rudey |
| Case Number: | 3:2011cv00453 |
| Filed: | March 24, 2011 |
| Court: | Connecticut District Court |
| Office: | New Haven Office |
| County: | XX US, Outside State |
| Presiding Judge: | Warren W. Eginton |
| Nature of Suit: | Real Property – Foreclosure |
| Cause: | 28:1332 |
| Jurisdiction: | Diversity |
| Jury Demanded By: | None |
$200million in mortgages