10-6-114. Criteria for qualifying for tax freeze on agricultural property of beginning farmer.

120 words·~1 min read·/sd/title-10/chapter-10-6/10-6-114

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The tax freeze in § 10-6-113 may be applied to agricultural property classified pursuant to § 10-6-110 if the following criteria are met:

(1)The owner of the property is a beginning farmer who has never before owned agricultural land;

(2)The property does not exceed one hundred sixty acres or one - half of the median - sized farm in the county as determined by the board of commissioners, whichever is greater;

(3)The beginning farmer works on and operates the farm;

(4)At least half of the beginning farmer's gross income is derived from agriculture;

(5)The property has not been subject to a beginning farmer's tax freeze for at least twenty years prior to the purchase date.