Letter from attorney to opposing counsel requesting documentation concerning homestead exemption for change of venue motion.
Indiana Farms For Sale In Michigan
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Generally speaking, there is no minimum acreage for farm tax exemption. There may, however, be specific acreage minimums required to be considered for certain land classifications such as a “greenbelt” property.
The lake (lacustrine) plains, which are typical of Saginaw, Huron, Monroe and other counties bordering lakes Huron and Erie, comprise our richest agricultural lands, but they require drainage and careful handling.
A farm is eligible if one of the following is true: “Agricultural use” means the production of plants and animals useful to humans, use in a federal acreage set-aside program, or a federal conservation program. Agricultural use does not include the management and harvesting of a woodlot.
The 2024 average Michigan farm real estate value, including land and buildings, averaged $6,310 per acre, ing to Marlo D. Johnson, Regional Director, USDA NASS, Great Lakes Regional Office.
(h) "Farmland" means 1 or more of the following: (i) A farm of 40 or more acres in 1 ownership, with 51% or more of the land area devoted to an agricultural use.
In order to qualify for the exemption, owners of parcels that are not classified agricultural must file an affidavit, Form 2599, claiming the exemption with the local assessor by May 1. An assessor will use the status of the land on May 1st in making their determination for qualification.
286.472 Definitions. (a) "Farm" means the land, plants, animals, buildings, structures, including ponds used for agricultural or aquacultural activities, machinery, equipment, and other appurtenances used in the commercial production of farm products.
Another question that frequently comes up in this discussion is “how big does my farm have to be to be considered a farm?” Since property taxes are handled at the local level rather than the federal level, the answer will vary from state to state. Generally speaking, there is no minimum acreage for farm tax exemption.
