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Outside of metropolitan areas, there was a push to adopt agricultural zoning for farmland in rural areas. To be included in 'agricultural preserve' initiatives, the agricultural zones with minimum lots of 40 acres or more were favorable for tax treatment and special support specifically for agriculture. [11]
The Agricultural Reserve is a designated land use zone in Montgomery County, Maryland. The 93,000 acres (380 km 2 ) zone was created in 1980 by the Montgomery County Council to preserve farm land and rural space in the northwestern part of the county.
Property tax suppression measures such as California Proposition 13 led many communities desperate to capture sales tax revenue to disregard their comprehensive plans and rezone undeveloped land for retail establishments. [93] In Colorado, local governments are free to choose not to enforce their own zoning and other land regulation laws.
A property legally described by a metes and bounds description may still be assigned a Tax Identification Number based on a separate Lot and Block system. In this case, a survey of all parcels in the county or municipality would be combined to create a separate Block and Lot system to identify the properties for taxation purposes.
During the last reappraisal in 2020, residential property values in Hamilton County went up 14% while the average property tax bill went up 6%, according to the Hamilton County auditor and treasurer.
Values are determined by local officials, and may be disputed by property owners. For the taxing authority, one advantage of the property tax over the sales tax or income tax is that the revenue always equals the tax levy, unlike the other types of taxes. The property tax typically produces the required revenue for municipalities' tax levies.
The local tax assessor’s office may also have one. If you’re already a homeowner and a survey was never provided to you, your local property records or engineering department may have one on file.
Current use is a phrase used to describe the present condition of land use and the corresponding scheme for property tax incentives for qualifying land owners (typically rural) who wish to preserve open space and avoid having their property assessed at the "best and highest" use that could be made of it (i.e., a housing development or a commercial use). [1]
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