Posts from February 1st, 2019
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Frequently Asked Questions About Current Use
What is current use? This is one of the questions that we get almost daily. So have you ever wondered what current use is? I have a link here to the state's "A Laypersons Guide to Current Use." The very basic answer is this: It's a break on your taxes for open land that is not being used. Essentially, there is a tax lien on the property when the owners have not developed the land for use. Once the land is taken out of current use tax status there is a 10% one-time fee, of the "full and true value." Let's start with the why it was created. In the late 60s, the legislature was looking at ways to ensure that the beauty of our wonderful state was preserved and not over developed. One of the issues that faced some landowners were the taxes. And being able to afford the taxes so they did not need to break up the land to pay for taxes or reduce the tax burde...