Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 13 · column 6 of 7 · from the scan, no model involved
mal unit per five acres or producing hay or crops. As proof, an applicant must show either an income tax form or a signed affadavit from the individual who leases the land, showing production for the past five years.
A parcel of agricultural or horticultural land must be at least five acres in size, six acres if there’s a residence on the lot. (While acres in agricultural or horticultural production are afforded use value assessments, the farmer’s and orchardist’s house and one acre on which the residence sits are assessed and taxed at fair market value.)
A parcel of forest land must be at least 20 acres in size to qualify for use value. An aerial photograph from the ASCS office is checked to ensure that the property does have a forest cover.
The landowner pays a $60 fee per tract plus 15 cents per acre with an intial application for land use. (If more than one tract is in the program, the additional $60 fee is waived if the properties are adjoining.) An additional $5 per year is to be added this year for the annual revalidation. The charges are intended to cover the cost of administering the land use program.
When a landowner develops property or otherwise changes the use of the land so that it no longer qualifies for the use value assessment program, a five-year rollback tax falls due. That is the difference between taxes paid under the use value assessment and what would have been charged with a fair market value assessment. In addition, 10 percent interest is levied on that amount with another 10 percent late fee charged if the money isn’t paid within 30 days.
The deadline for filing for use value taxation for the 1988 tax year is November 1, 1987; applications should be filed with the Commissioner of Revenue’s office after August 16.
88.2%