Exempts the first 100 acres of working farms from ad valorem property taxes to protect agricultural land.
The bill, known as the Working Farm Property Tax Protection Act, exempts the first 100 acres of working farms from all state, county, and municipal ad valorem property taxes. Working farms are defined as real property used primarily for agricultural production and actively managed by the landowner or lessee. The exemption aims to protect working farms from being taxed out of existence, preserve agricultural land, and prevent speculative reassessments. The exemption applies per parcel, not per owner, to prevent consolidation games.
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