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When the property no longer qualifies for the program <br />the deferred tax (the difference between the agricultural <br />tax and the tax based on the estimated market value) for <br />the current tax payable year and the 2 prior years must <br />be paid to the county. <br />What about special assessments? <br />Special local assessments may be deferred while the <br />property qualifies for Green Acres. When the property <br />is sold, transferred, or otherwise withdrawn from the <br />program, all deferred special assessments are due. <br />What property qualifies for the program? <br />Only property that is classified as class 2a agricultural <br />land is eligible for enrollment in the Green Acres <br />program. The property must: <br />1. be at least 10 acres in size or a nursery or greenhouse; <br />and <br />2. be primarily devoted to the production for sale of <br />agricultural products <br />If you have class 2b rural vacant land as a part of your <br />farm homestead, it will not qualify for Green Acres tax <br />deferral but it may be eligible to receive other benefits <br />under the Rural Preserve Property Tax Program. <br />Your assessor will assist you in determining which <br />portions of your farm are considered agricultural and <br />which are considered rural vacant land. <br />Green Acres enrollment is limited to properties owned <br />by individuals and certain family farm entities. <br />Ownership requirements: <br />To qualify for Green Acres, the property must be one of <br />the following: <br />• the homestead of the owner, owner's spouse, <br />child, or sibling <br />• farmed in conjunction with the owner's <br />homestead property <br />• has been in possession of the applicant, the <br />applicant's spouse, parent, or sibling for at least <br />7 years prior <br />• farmed in conjunction with property within <br />four townships or cities (or any combination) <br />from property that has been in possession of <br />the owner, owner's spouse, parent, or sibling <br />(or any combination) for at least 7 years <br />• in possession of a nursery, greenhouse, or an <br />entity owned by a proprietor, partnership, or <br />corporation which also owns the nursery or <br />greenhouse operations on the parcel(s). <br />How do I apply? <br />You apply with the County Assessor's Office in the <br />county where the property is located. Applications are <br />due by May 1 in order to receive consideration for the <br />next taxes -payable year. <br />Your assessor may also require an agricultural use <br />verification form, proof that the property meets all <br />requirements, and/or a copy of the appropriate schedule <br />or form showing farm income has been included in the <br />most recently filed federal income tax return of the <br />applicant. <br />What else should I know about Green <br />Acres? <br />When a property enrolled in Green Acres is sold to <br />another person who may qualify for the program, the <br />new owner must apply to the county assessor within 30 <br />days of the purchase for the program to continue on the <br />property. <br />If at any time you sell, transfer, subdivide, or otherwise <br />withdraw any part of your property from the Green <br />Acres program, you will be responsible to pay back <br />deferred taxes on the acreage withdrawn for the current <br />year plus the two prior years. Once an entire parcel is <br />withdrawn from Green Acres, you will also be <br />responsible to pay any deferred special assessments <br />plus any interest. <br />Where can I get more information? <br />For additional information on estimated market value, <br />refer to Fact Sheet 2, How the Assessor Estimates Your <br />Market Value. <br />If you have questions or need more information about <br />the Green Acres Program, contact your County <br />Assessor's Office. <br />Minnesota Revenue, Green Acres Program 2 <br />