Basing the valuation of farmland for property tax purposes on its use for farming rather than on its "highest and best" use, such as potential development. Types of differential assessment include preferential assessment, deferred taxation, and restrictive agreement.
Selected Differential assessment links:
|© 1997-2006 Healthboard.com. Healthboard.com is a purely informational website, and should not be used as a substitute for professional legal, medical or technical advice.|