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Indiana General Assembly
Senate Bill 0509


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Senate Bill 0509

ARCHIVE (2000)

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Farmland preservation classification. Allows a parcel of land to be classified as a farmland preservation parcel upon application to the township assessor and to be assessed thereafter 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 Requires payment to the county of the property tax benefit received over a period of up to ten years if the land is withdrawn from the farmland preservation parcel classification.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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