This is a form of a deed filed to claim exemption on an individual's homestead. Included in the form will be the dollar amount claimed as exempt.
Virginia Farmland For Sale
Category:
State:
Virginia
Control #:
VA-LS-006
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Virginia Homestead Deed For Single - Home?
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FAQ
Virginia's farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2020, ing to USDA's National Agricultural Statistics Service. Farm real estate value for 2021 averaged $4,700 per acre, up $80 per acre from last year.
Virginia State Code requires a minimum of five (5) contiguous (unimproved or more) acres. One acre is excluded for a house-site (if dwelling exists) or a proposed house-site.
You may qualify to claim this credit if: You're a farmer, grower, rancher or someone else engaged in agricultural production for market. You have a soil conservation plan in place that was approved by your local soil and water conservation district.
Commercial feeds; seeds; plants; fertilizers; liming materials; breeding and other livestock; semen; breeding fees; baby chicks; turkey poults; rabbits; quail; llamas; bees; agricultural chemicals; fuel for drying or curing crops; baler twine; containers for fruit and vegetables; farm machinery; medicines and drugs ...
Agricultural - real estate devoted to the bona fide production for sale of plants and animals; or be enrolled in a federal government soil conservation program (applies to all categories). Minimum of 5 acres.