Where can I get advice on tax implications of TDR’s?
In all cases consult a qualified tax/legal advisor. For example, one implication is that TDR enables a land owner to avoid Greenbelt rollback taxes that are due after land is developed. The rollback tax is the difference between the taxes paid while on greenbelt and the taxes which would have been paid had the property been assessed at market value. In determining the amount of rollback tax due, a maximum of five years preceding the change in use will be used.
