|
 |
Current Use
--Current Use is a law which allows property to be taxed for what it is currently being used for instead of its speculative or highest use. In other words, if a farm is located next to a shopping center, it is taxed at the farm rate if it is used as a farm rather than the higher shopping center rate.
--This law is fair because a house should be taxed as a house and a business as a business and a farm as a farm. Property should not be taxed for something it is not being used for.
--If farmland located adjacent to metropolitan areas were taxed at the higher rate, it would force the land to be sold because a farmer could not afford to pay the higher taxes and still farm the property.
--If the land is sold for a higher use, taxes must be paid at the higher rate for the previous three years.
--A property owner must apply for current use and submit to the tax assessor appropriate evidence of the soil group of the property in question.
Click here for more detailed information about Current Use.
|
|
|
|
|
