Property value did not increase 14,000% in 21 months

A parcel of farmland in rural Louisiana was worth in 2017 what was paid for it in 2016, $2975 per acre, the Tax Court has held.  Its value was not $439,492 per acre as claimed on a taxpayer’s claim for a $115 million charitable contribution deduction for a syndicated conservation easement granted 21 months later.