Property taxes keep climbing, and owners of vacant land across the US are feeling the squeeze. Here's why selling might actually save you money and headaches. Go to https://landavion.com/ for more information.
When That "Investment" Becomes a Money Pit. Remember when buying that piece of land seemed like a smart move? Maybe you inherited it, bought it years ago thinking you'd build someday, or just picked it up thinking it was a good investment. Fast forward to today, and you're probably wondering why your tax bill keeps getting bigger while the property just sits there doing absolutely nothing.
You're not alone in this mess. Property taxes across the U.S. have jumped an average of 27% from 2019 to 2024, and that's hitting vacant landowners especially hard. Unlike a rental property that generates income or a home you actually live in, vacant land ownership means you're paying taxes, HOA fees, and maintenance costs with nothing coming back to offset those expenses.
The Numbers Don't Lie. Here's what's actually happening with property taxes nationwide. The average annual property tax bill hit $4,271 in 2024, up nearly 6% from the year before. Some states are seeing even steeper increases—Florida's property taxes have climbed 9.5% annually since 2019, while Colorado saw a 10.6% jump just from 2023 to 2024.
Why Vacant Land Makes This Worse. If you own a house, at least you'll be living in it or collecting rent. Vacant land? You're basically throwing money away. There's no way to write it off like you might with a primary residence, and definitely no monthly check showing up to help cover those bills.
Selling Sounds Great, But Then Reality Hits. So you decide to sell, right? Smart thinking. Except now you're dealing with the fact that vacant land takes forever to move through traditional channels. Most buyers want properties they can immediately use or move into, which means your undeveloped lot sits on the market while you keep paying those taxes quarter after quarter.
There Are Actually Better Options. Specialist land acquisition companies have become increasingly popular for exactly this reason. These firms buy properties directly, often for cash, and can close deals in weeks instead of months. They understand that you're not looking to maximize every last dollar—you're looking to stop the financial bleeding.
What To Actually Look For. Not all land buyers operate the same way, so here's what matters. You want transparent pricing based on real market data, not just a lowball offer hoping you're desperate. Fair companies will show you comparable sales and county records backing up their numbers. They should cover closing costs so the amount on paper matches what hits your account. And watch out for anyone charging commission fees—many legitimate land buyers don't work that way.
Making The Call. Look, nobody enjoys admitting that a property isn't working out. But keeping land you don't want or need while taxes keep climbing isn't clever, it's just expensive. Sometimes the smartest financial move is recognizing when it's time to cut your losses and redirect that money toward something that actually benefits your life. The key is understanding your options and finding buyers who offer fair prices without making the process more complicated than it needs to be.
Check out the description to learn more! Land Avion, LLC City: Las Cruces Address: 2521 North Main Street Website: https://landavion.com