It’s probably more just tax collectors being tax collectors. The county taxed my undeveloped uncleared lot next door at a value of $28,000. I protested and they showed me the comps. I pointed out that the comps were all developed, cleared and in better neighborhoods with paved roads closer to the city. They said, well, your lot should be worth as much as theirs as it’s waterfront. I pointed out you can’t see the water from my land as the forest in between is too dense.
A realtor said if I sold it that the other lots in my neighborhood were going for $8,000 with a well. They won’t take the comps in my neighborhood because they were forced sales by banks. I got it grudgingly reduced a bit and combined it with my existing home which homesteaded it. It was difficult though. (Oh, they came out and reevaluated my house up.)
We have 8 acres. We love it but it only has a small rental house on it and a shop. We pay almost $4000/year in prop taxes. I’m not surprised for a larger piece of land with improvements being taxed that high.