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ownership and use of the property.
Rollback taxes
McCarthy said the program was currently being funded by the county’s pool of rollback taxes, which he placed at about $80,000 to $100,000.
The county collects about $25,000 to $30,000 in roll back taxes per year McCarthy said.
“Basically, a landowner agrees to keep using the land for agriculture, usually for six year terms,” McCarthy said. “Under this agreement, the land is taxed at its agricultural value, which is lower than its value as residential property.”
McCarthy said that if the land is sold, or the landowner decides to do something different with it before the six-year term is up, then the land is retroactively taxed at the higher value.
McCarthy said the county hopes to receive additional
95.7%