Posted in home

$60M Mansion on a Slice of George Washington’s Former Farm Is Virginia’s Most Expensive Home

With a price tag of $60 million, a relatively new house on historic land is now Virginia’s most expensive home.

Built in 2018, the 16,000-square-foot home on East Boulevard Drive sits on riverfront land that was once part of George Washington‘s Mount Vernon Estate in Alexandria, VA.

The current owners bought the 16.5-acre property for around $9 million in 2014, and began what listing agent Heather Corey calls a reconstitution of the estate.

“The house itself is state of the art. They have a huge room that’s got a whole bank of computers that run the whole property. So it’s not just a smart house, I call it a brilliant house,” she says, adding that the electronic features are more advanced than she has ever seen anywhere else.

“Everything is interconnected and can be run with a touch of a button.”

The land was part of Washington’s original River

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Posted in improvements

California Farm Bureau Fears Improvements Like Barns, and Even Trees, Will Be Taxed Under Prop. 15

The most contentious issue California voters face on Nov. 3 is not the Presidential election—polls show voters are firmly decided. Rather, it is a tax measure, Proposition 15, which has heavy hitters for it and against it.

Proposition 15 would amend the California constitution to change the way commercial and industrial real estate is taxed, basing it on current market value. Presently, all property, residential and commercial, is taxed based on its last purchase price.

The measure, sometimes called the “split-roll initiative,” excludes commercial agricultural land and commercial properties worth less than $3 million from being reassessed at current market value. The non-partisan Legislative Analyst’s office estimates that Proposition 15 could bring between $6.5 billion to $11.5 billion per year when it is fully implemented in 2025.

Sixty percent of the revenues from Proposition 15 (after it pays the state and local tax assessors for the costs of implementing the

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Continue Reading California Farm Bureau Fears Improvements Like Barns, and Even Trees, Will Be Taxed Under Prop. 15