Credit established to partially offset the school tax burden borne by
agricultural real estate. Current law allows a credit for any general
school fund tax in excess of $5.40 per $1,000 of assessed value. All
land used for agricultural or horticultural purposes in tracts of 10
acres or more and land less than 10 acres if contiguous to qualifying
land of more than 10 acres. The owner or designated person must be
actively engaged in farming the land.
Claims must be filed with
the Assessor by November 1. Subsequent claims are not required if
ownership and designated person actively engaged in farming remain the
same.