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House Bill 1118
ARCHIVE (2000)
Latest Information
| | DIGEST OF INTRODUCED BILL
Farmland preservation. Adds a provision to allow a person to apply to the township assessor for the assessment of farmland referred to as a farmland preservation parcel at $1 per acre if the parcel contains at least ten acres, does not contain a dwelling or another usable building, and is assessed as agricultural land. Requires payment to the county of the property tax benefit received over a period of up to ten years if the land is withdrawn from the farmland preservation parcel classification. |
Current Status:
| | In Committee - first House |
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