Buying property in CO

Discussion in 'The Water Cooler' started by Brett Smith, Aug 1, 2018.

  1. Brett Smith

    Brett Smith Weekend Warrior

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    I was seriously considering but 419 acres in CO, area 10 near Dinosaur. As a non-resident i am able to draw successfully on an average of 5.3 years. As a non-resident landowner my odds do not change as I am still considered a non-resident. When I asked what would I then gain by purchasing the property, the sweet lady on the phone at the Game & Parks told me she just saved me $400K.

    I guess I will look at another state to own hunting property....crap
     
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  2. Justin

    Justin Administrator

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    What do property taxes on 400 acres in CO look like?
     
  3. Skywalker

    Skywalker Grizzled Veteran

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    I think Iowa is the same way.
     
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  4. Brett Smith

    Brett Smith Weekend Warrior

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    I never got that far. Once I heard I could hunt my own property but only if I was successful via the draw system, I agreed that I just saved myself $400K
     
  5. Holt

    Holt Grizzled Veteran

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    I had thought that once a property was over a certain size you can apply for land owner tags. It may only be 100 acres or more. But I could be completely wrong.

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  6. Brett Smith

    Brett Smith Weekend Warrior

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    If I would plant a crop in continuous 160 acres I could apply for a land owner exception...however, with the layout of the mountainous property that aint happening. The word "continuous" is the killer as a patch here or there would work but not in a single 160 acre plot.
     
  7. Holt

    Holt Grizzled Veteran

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    How about running some cattle on it? That may make it farm use. I know guys here in MD run cattle on there property in Colorado and they get landowner tags.

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  8. Brett Smith

    Brett Smith Weekend Warrior

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    Nope. Only 160 acres of one continuous crop. Or...I move there and become a resident but that ain't happening either.
     
  9. TEmbry

    TEmbry Grizzled Veteran

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    Buying land for the sole purpose of hunting should be analyzed closely if it's not where you intend to live and spend a lot of time. The property taxes alone plus loss of income vs investing the money elsewhere could buy a couple outfitted hunts a year.
     
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  10. trial153

    trial153 Grizzled Veteran

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    If hunting isnt an axillary benefit I would seriously recommend looking at the cost benefits of alternatives.
     
  11. NebMo Hunter

    NebMo Hunter Die Hard Bowhunter

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    if youre from Springfield nebraksa look in nodaway county missouri, i know there is some stuff for sale near clearmont and elmo.

    you dont get landowner tags but nonresident are over the counter
     
  12. fletch920

    fletch920 Grizzled Veteran

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    It is. As it should be. Simply owning land does not make you a resident and should not entitle you to the rights of a resident.
     
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  13. Holt

    Holt Grizzled Veteran

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    It would be nice if the size of land would let you get landowner tags. For example my Unkle owns about 500 acres in Iowa ( 2 - 250 acre and 1 - 20 acre farms ). He has had these farm probably for over 15 years and has never hunted them because of this law. Also many years he was farming the land him self while living in Maryland and driving out to farm just for crops. His plan I believe was to retire out there, but makes it hard when all the family is here. On a side note I do have enough points to pull a tag and really looking forward to hunting his farms next year!

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  14. fletch920

    fletch920 Grizzled Veteran

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    Sure it would be nice. And, it would be nice if I could get a landowner tag in Colorado for a Big Horn Sheep. But, it we start to allow that, every bit of ground will be bought up by the ultra-wealthy and the residents of the state will not have access to ground. Residents of states need to have some benefits to being a resident. Its already really bad here, and some of these guys only draw an archery tag every five years. Yet, they still buy up ground. I can only imagine the insanity of hunting here if every landowner was guaranteed buck tags.
     
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  15. Holt

    Holt Grizzled Veteran

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    No I'm in agreement with you. I'm just feeling bad for my Unkle. He never bought it for hunting, he's a farmer first and also for a investment.

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  16. fletch920

    fletch920 Grizzled Veteran

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    He could get a gun tag nearly every year as a non-resident. So, he has a lot of opportunity to hunt the ground he owns. That, and the fact that his investment has gone up a ton. Don't feel too sorry for him. lol.
     
  17. Holt

    Holt Grizzled Veteran

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    You are right, I know what he paid for it! Him or his kids will make out very well!

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  18. fletch920

    fletch920 Grizzled Veteran

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    I just helped a client set up a 1031 into a real estate investment trust to avoid capital gains. He paid $216 per acre and sold 160 acres for $3,500 per acre!
     
  19. OK/Sooner

    OK/Sooner Die Hard Bowhunter

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    Several years ago my uncle and his buddies all bought houses in Wyoming. They all tagged their trucks there then went up a few weeks a year and hunted as residents. Long story short. There was a game warden that lived down the road and noticed they only came in every so often. She busted them and they all had to pay around 30k and no Hunting in the state for 10 years for “stealing from the residents of Wyoming”.


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  20. fletch920

    fletch920 Grizzled Veteran

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    As it should be. I wish Iowa would get a little bit tougher on the guys that are doing the same thing. Some of them are filming hunts for their own shows and get by with this. It is in fact stealing from the residents that make the sacrifice to live in an area with limited financial opportunities. A great deer herd is one of the few perks to living in an economically depressed area.
     

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