Credit established to partially offset the school tax burden borne by agricultural real estate. Current law allows a credit for any general school fund tax in excess of $5.40 per $1,000 of assessed value. All land used for agricultural or horticultural purposes in tracts of 10 acres or more and land less than 10 acres if contiguous to qualifying land of more than 10 acres. The owner or designated person must be actively engaged in farming the land.
Claims must be filed with the Assessor by November 1. Subsequent claims are not required if ownership and designated person actively engaged in farming remain the same.