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Current Use Program Use Value Appraisal Application for Agricultural Land, Forest Land, Conservation Land and Farm BuildingsVermont SECTION AFormCU301APPLICATION REASONIs this application for enrolling:cLand.

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How to fill out the Current Use Program, Form CU-301 (Formerly LU-AFCFB) online

Filling out the Current Use Program, Form CU-301, is a vital step for property owners in Vermont seeking to benefit from use value appraisal for their agricultural, forest, or conservation lands. This guide provides a comprehensive overview of each section of the form, ensuring you can complete it accurately and efficiently online.

Follow the steps to complete the form correctly.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Begin with Section A, 'Application Reason'. Indicate the applicable reason for your application by selecting one of the options related to new enrollment, additions, transfers, or continued enrollment. Ensure your choice accurately reflects your situation.
  3. Proceed to Section B, 'Landowners'. List all individuals holding record title to the property, providing their Social Security Number or FEIN, names, mailing addresses, and contact information. Designate one owner as the primary contact by selecting 'Yes' or 'No' for each owner listed.
  4. In Section C, 'Property Description', enter the town or city where the property is located along with the SPAN number. Answer whether the parcel is located in more than one town and provide the relevant details if applicable. Fill in the property’s 911 address and disclose the number of acres, along with any excluded portions of land.
  5. If applicable, complete Section D, 'Transfers'. Provide the date the deed was recorded, whether the complete parcel was transferred, the acres transferred, and details regarding prior ownership.
  6. Move to Section E, 'Buildings'. State how many dwellings or mobile homes are present on the parcel and describe them. Answer subsequent questions regarding farm buildings and their use in accordance with agricultural definitions.
  7. Fill out Section F, 'Agricultural Land'. List the acres being enrolled in active agricultural use and provide necessary details about income and usage related to maple production.
  8. Proceed to Section G, 'Forest Land'. Indicate the number of acres applying to enroll and confirm your legal rights regarding management and implementation of forestry activities.
  9. If enrolling conservation land, complete Section H by specifying acres and confirming your organization’s certification status, if applicable.
  10. In Section J, 'Certification', ensure that all record owners sign the application, confirming the accuracy of provided information and understanding the implications of submission.
  11. Finally, review all entries for accuracy. You can save changes, download, print, or share the form as needed.

Complete your Current Use Program application online today to ensure your property benefits from the use value appraisal.

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Abatement is a statutory process for relieving taxpayers from the burden of property taxes, interest or collection fees when the law authorizes abatement and when the Board, in its discretion, agrees that the request is reasonable and proper. The Board is never required to grant a particular abatement.

To enroll in the Current Use program, landowners must submit an application to the Current Use Land Program within the Vermont Department of Taxes. Each application must include a map of the parcel. The state approves applications for eligible “agricultural land” or “forest land,” as specified in the statute.

Land Use Change Tax Calculation The Land Use Change Tax (LUCT) is imposed at a rate of 10% of the full fair market value of land that is developed. LUCT is also due when land is withdrawn from the Current Use Program and the owner removes the lien.

The policy behind Current Use taxation, the common name for the Use Value Appraisal policy, is that farmland and forests should not be taxed at the same rate as developed land. This policy creates a property tax based on the land's use value and not its market value.

In 1978, the Vermont legislature passed a law establishing the Use Value Appraisal of Agricultural, Forest, Conservation and Farm Buildings Property. Today, this program is known as "Current Use" and is administered by the Division of Property Valuation and Review within the Vermont Department of Taxes.

PERPETUAL DEDICATION. NH's Current Use Program is a perpetual dedication to maintain open space. As such, land is assessed on its' potential to grow agricultural crops, or trees.

Owners who wish to withdraw all or a portion of land and/or buildings should file Form LV-314, Request For Withdrawal From The Use Value Appraisal Program by mail or online at myVTax. See the guide on how file Form LV-314 using myVTax.

At least 25 contiguous acres in active agricultural use; or smaller parcels which generate at least $2,000 annually from the sale of farm crops, or actively used agricultural land owned by or leased to a farmer. Taxed at use value.

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