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Wednesday, April 9, 2014

TAX INCENTIVES ENCOURAGE URBAN FARMING

California’s Urban Agriculture Incentive Zones Act allows large cities and counties to designate zones in which landowners receive a property tax break if they agree to use their land for urban agriculture for at least five years. The program is designed for landowners of up to three acres parcels that are vacant or blighted.  Landowners who commit to restricting the use of their land for urban farming may qualify to have the property assessed based on its agricultural, rather than market, value.  This could result in significantly lower tax bills.

 

Source: CT Office of Legislative Research, 4/1/14, Urban Farming

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