Mansion Global
There are incentives for agreeing not to develop on the land for a certain period By V.L. Hendrickson |
Save
stevegraham / Getty Images
Every week, Mansion Global poses a tax question to real estate tax attorneys. Here is this week’s question.
Q. What kind of property tax breaks are available if part of your California property is used for farming?
A. Many agricultural land owners in California can get a reduced tax rate through the Williamson Act.
Also known as the California Land Conservation Act of 1965, the Williamson Act allows landowners to designate “specific parcels of land to agricultural or related open-space use,” according to the California Department of Conservation, which advises municipalities on the program.