Ag-exempt means that you'll only pay the amount of tax on what the property should produce, and not on it's market value. It's a HUGE difference in taxes! I have 61 acres that is probably worth $10,000 an acre in market value, but I only pay taxes based on the fact that it "should" produce $10,000 per year in cattle or crops. It is a HUGE tax shelter. To keep Ag-exempt status it must continuously be used for ag use, i.e. cattle, or crops, or hay production. I have a dozen cows, and cut hay on my 61 acres.
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Today's Featured Article - An AC Model M Crawler - by Anthony West. Neil Atkins is a man in his late thirties, a mild and patient character who talks fondly of his farming heritage. He farms around a hundred and fifty acres of arable land, in a village called Southam, located just outside Leamington Spa in Warwickshire. The soil is a rich dark brown and is well looked after. unlike some areas in the midlands it is also fairly flat, broken only by hedgerows and the occasional valley and brook. A copse of wildbreaking silver birch and oak trees surround the top si
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