Present-use value. – The value of land in its current use as agricultural land,
horticultural land, or forestland, based solely on its ability to produce income and
assuming an average level of management.
THIS IS NOT A TAX BREAK BUT IT IS A TAX DEFERMENT. YOU MUST SHOW AN INCOME THAT THE PROPERTY GENERATES. YOU MUST PROVIDE RECIEPTS TO THE TAX OFFICE SHOWING THAT YOU MADE SOME INCOME FROM THE PROPERTY THAT YOUR ARE CLAIMING IS BEING ACTIVETLY ENGAGED IN SAID PRESENT USE PROGRAM
Agricultural land. – Land that is a part of a farm unit that is actively engaged in the
commercial production or growing of crops, plants, or animals under a sound
management program.
Forestland. – Land that is a part of a forest unit that is actively engaged in the
commercial growing of trees under a sound management program
Horticultural land. – Land that is a part of a horticultural unit that is actively
engaged in the commercial production or growing of fruits or vegetables or nursery or floral products under a sound management program
