Hulberg appraisal key to resolving the tax issues impacting Mr. Lester’s ability to donate property

The San Jose Mercury News reports that the Walter Cottle Lester has donated a 287-acre agricultural land parcel to the County of Santa Clara as open space.  The family’s farmstead will be preserved as a park and a “living museum” devoted to farming and agriculture.  

A favorable ruling from the IRS reduced the tax liabilities from $200 million to $5 million, and Hulberg and Associates’ appraisal was key to resolving the tax issues impacting Mr. Lester’s ability to donate the property.

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