Agriculture/Forestry Exclusion -- Use Value Assessment

USE VALUE ASSESSMENT & TAXATION
OF AGRICULTURAL, HORTICULTURAL, AND FORESTLANDS

The Land Use Deferment is designed for those property owners who grow agricultural, horticultural or forestry products on their land. A county may appraise agricultural and horticultural land based on typical farm rents and forest land based on its ability to produce timber rather than its market value, provided that the owner qualifies under certain criteria. These criteria include ownership, income, size of the tract in actual production and whether the farm or forest is under sound management. The application for this exclusion must be made with the Tax Department during the regular listing period or within 30 days of purchasing property that previously qualified or had a change in the assessed value.