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The Florida Greenbelt Law is an exception to the “highest and best use” tax valuation. The Florida Greenbelt Law allows land classified as agricultural (not zoned as agricultural) to be assessed at a lower tax rate than if the property were not being used for agricultural purposes.
Clients who ask this are typically referring to granting their property Agricultural Classification, more commonly referred to as “Greenbelt.” Agricultural classification is not technically a property tax exemption, but it can help to lower the overall tax you pay on your property.
Greenbelt is a classification of different types of agricultural property, such as citrus groves, pasture, cropland, and nurseries. The greenbelt classification is a benefit that provides a lower assessment (value in use not market value)
The Greenbelt Law facilitates the financially viable operation of agricultural businesses by shielding agricultural property from potential property tax increases attributable to encroaching development.
The Greenbelt Law facilitates the financially viable operation of agricultural businesses by shielding agricultural property from potential property tax increases attributable to encroaching...
Included in this legislation is the Florida Greenbelt Law, codified in F.S. §193.461, which helps farmers by lowering the tax burden on their land that is “used primarily for bona fide agricultural purposes.”
In Florida, use-value assessment is often referred to as the state's "greenbelt" law. The term use-value assessment is often used interchangeably with the term "differential assessment." Eligibility criteria for use-value assessment for Florida are defined in Florida Statute 193.461.
The Florida Agricultural Classification may help lower taxes and protect the land owner from certain laws. Here is all you need to know.
Do you own property, or a portion of property, that is used for agricultural purposes, if your property qualifies as “commercial agricultural property,” you may enjoy a “significantly” lower tax rate. Florida Statute 193.461 is commonly referred to as the “Greenbelt Exemption”.
HOW TO FILE FOR AN AGRICULTURAL CLASSIFICATION. To timely file for an Agricultural (Greenbelt) Classification, a property owner must submit the following application by March 1 of the applicable Tax Roll year: Greenbelt/Agricultural Classification Application (Fillable Version 63k pdf)* DR-482.