Allows property owned by conservation entities to be taxed at present-use value.
This bill allows property owned by conservation entities to be taxed at present-use value. It defines "conservation holder" as a nonprofit or private corporation that meets specific criteria and is organized to preserve agricultural, horticultural, or forestland. The bill ensures that such property remains eligible for present-use value classification even if the owner changes, provided certain conditions are met. The changes take effect for taxes imposed for taxable years beginning on or after July 1, 2026.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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