Rick Ross' Cattle Ownership Might Be Grounds For A Serious Tax Exemption — Here's How
Photo Credit: Rick Ross / Harper Collins Publishing

Rick Ross' Cattle Ownership Might Be Grounds For A Serious Tax Exemption — Here's How

Rick Ross has not been dubbed the biggest boss by playing it safe.

Take, for example, his latest agricultural endeavors, which include the purchase of a cow, a lion, and a lioness, as well as two buffalos — gifted by clothing and underwear brand Ethika — TMZ reports.

“We are gifting Ross these Buffalo after a conversation at his birthday party back in January. I wanted to get him a giraffe but he wasn’t ready for that commitment so he said let’s start smaller, like a cow. I said ‘Nah, everyone has cows, I want you to have something nobody in your state has, I’m getting you a Buffalo,’” Darius Burton, director of brand operations at Ethika, told TMZ.

 

The Promised Land

For those who may not know, in 2014, the “Aston Martin Music” emcee reportedly purchased the former mansion of legendary boxer Evander Holyfield for a whopping $10 million. He landed the home after the boxing legend lost his estate to foreclosure the previous year.

According to reports, the mansion is located in Fayetteville, GA, and sits on 235 acres of land, holds 109 rooms — 12 of which are bedrooms and 21 bathrooms — making it the largest single-family home in the state of Georgia.

Ross affectionately refers to the property as the “Promised Land,” and with his latest addition of animals, he calls it the “Promised Land Zoo.”

 

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Owning Livestock Pays Off

Now, aside from fulfilling his desire to become a farmer, Ross might’ve just saved some coins — thanks to those furry friends.

In Georgia, homeowners can receive a tax exemption, thanks to a rule and regulation passed by the southern state.

According to Chapter 40-29 of the Georgia Agriculture Tax Exemption rule, agricultural products or purposes include the following activities: “managing livestock, equine, or poultry; producing or storing feed for use in the production of livestock, including, but not limited to cattle, calves, swine, hogs, goats sheep, equine, and rabbits.”

Since Ross owns cattle, this means that he is eligible for the exemption due to the fact that the term “animal” or “livestock” — in this instance — refers to “living organisms that are commonly regarded as farm animals.”

It looks like those farming dreams are getting Ross more bang for his buck for the multi-million mansion.