How is a Williamson Act contract terminated?
The preferred method of contract termination is nonrenewal. To terminate a Williamson Act contract, a landowner files a notice of nonrenewal. Starting at the next contract anniversary date, the contract winds down over the remaining (usually nine-year) term, with the property taxes gradually rising to the full unrestricted rate at the end of the nonrenewal period. If the land is restricted by a Farmland Security Zone Contract, the contract winds down over the remaining 19 years, with the property taxes gradually rising to the full unrestricted rate at the end of the nonrenewal period.
Related Questions
- How can I ensure that my proposal for construction of an improvement does not result in a material breach of my Williamson Act contract?
- Did AB 1492 increase the Williamson Act contract cancellation fee from 12.5 percent to 25 percent?
- What happens to a Williamson Act contract upon sale of the property?
