What are the basic qualifications of the Farmland Assessment Act of 1964?
The land must have been actively devoted to agricultural or horticultural use for the two successive years immediately preceding the tax year for which farmland assessment is requested. The area must be at least five acres in size. Gross sales of agricultural of horticultural products – in addition to any payments received under a soil conservation program – must average at least $500 plus additional $5 per cropland acre and $.50 per woodland acre for each acre over 5 or there must be clear evidence of anticipated yearly gross sales and such payments amounting to at least your minimum gross sales requirement. What happens if the land has been assessed for agricultural or horticultural use and the land use changes? When land assessed under the act is changed to a use other than agricultural or horticultural, it is subject to additional or roll-back taxes. The land is subject to the payment of roll-back taxes for the year in which the change in use of the land occurs and in each of the i
