Why do ranchers, farmers, and landowners get discounts on property taxes when they are ag exempt?

3 months ago
55

Ranchers, farmers, and landowners can get discounts on property taxes when their land is agriculturally exempt (ag exempt) because the exemption recognizes the land's contribution to agriculture, which is vital to local economies and food supply. The agricultural exemption essentially reduces the land's taxable value, leading to lower property taxes.

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