Farmland Preservation program deadine Oct. 31 – By John Piscopo

Sep 26th, 2011 | By | Category: General

By State Rep. JOHN PISCOPO

For landowners of open space, farmland or forest land, I wanted to remind you that you have until Oct. 31 to enroll in the state’s Public Act 490 (PA 490) tax program. This program permits these types of lands to be taxed at a lower rate.

The program was created to allow “less intensively used” lands to be taxed at a rate that reflects their current use, rather than their highest possible use. By doing so, the pressure to develop these lands is reduced, and open space is preserved. Landowners who hold open space, farmland or forestland, who are interested in reducing their tax burden, have until Oct. 31 to enroll.

Read more here: Farmland Preservation program deadine Oct. 31 – Opinion – Foothills Media Group.

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