| || |
DIGEST OF INTRODUCED BILL
Farmland preservation. Adds a provision to allow a person to apply to the township assessor for the assessment of farmland referred to as a farmland preservation parcel at $1 per acre if the parcel contains at least ten acres, does not contain a dwelling or another usable building, and is assessed as agricultural land. Requires payment to the county of the property tax benefit received over a period of up to ten years if the land is withdrawn from the farmland preservation parcel classification.