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land use tax

Pittsylvania Agricultural Landowners Face Proposed Tax Increase

According to the Danville Register & Bee, Pittsylvania County is in an uproar over a proposed 20-cent property tax increase on agricultural landowners.  Currenty the county participates in Virginia's land use program, which allows it to tax agricultural land at a lower rate to incentivize agricultural uses.  The Board of Supervisors is opposed to the Commission of Revenue's recommendation. The increase would affect nearly 1,500 landowners in the county.

 

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Posted on Sunday, January 24, 2010 - 11:47am

Deadline Approaching for Albemarle Residents to File Form to Keep Land Tax Break

Participants in Albemarle's land use tax break program have less than a week to submit proper paper work to continue being included in the program, according to the Daily Progress.

The program allows landowners to defer taxes on rural, undeveloped land as long as it remains such, as opposed to paying taxes on the property at fair market value. Landowners in the program still pay fair market value taxes for part of their property, such as their houses, yards and driveways.

Applicants have until Sept. 1 to send their revalidation forms back to the county without a penalty. The forms can be sent to the county between Sept. 2 and Dec. 5 with a $125 fee. If the revalidation forms aren’t received by Dec. 5, participants will be purged from the program and required to pay back the money saved from the tax benefits over the past five years, plus interest, which could total thousands, or tens of thousands, of dollars in many cases.

Anyone with questions can call 296-5856 or go to the county assessors office in Room 243 at the County Office Building on McIntire Road from 8 a.m. to 5 p.m. weekdays. The office will also be open until 7 p.m. tonight.

"Albemarle County is now requiring proof that landowners who claim tax benefits for rural, undeveloped land actually deserve those tax breaks. But seven business days before the deadline, revalidation paperwork for only about half of the parcels in the program has been submitted to the county.

'If you don’t send it, you’re going to be taken out of the program. And eventually, if we don’t hear from you, there will be the rollback tax,' said Bob Willingham, the county’s assessor.

There are nearly 5,000 parcels in the 'land use' tax program, said county spokeswoman Lee Catlin.

Willingham said that about $19 million in tax dollars is being deferred each year, which has Willingham somewhat surprised by how few people have sent their applications back to the county. He said he attributes the high number partially to the fact that it’s a new program."

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Posted on Wednesday, August 26, 2009 - 8:22am

Wetland taxation rules disputed

Image from timmenzies

Chincoteauge's representative on the Board of Supervisors is pushing for the minimum acreage required for land-use taxation of wetlands to be equal to that of farmland. As of now the minimum requirement for agriculture is five acres, but for wetlands it is 20 acres. The

"Chincoteague's representative on the Accomack County Board of Supervisors wants owners of wetlands to have the same tax advantages as owners of farmland, including a smaller minimum acreage requirement to qualify for land-use taxation.

'If it's five acres for agriculture, then it should be five acres for nontidal wetlands,' Supervisor Wanda Thornton said at a recent board meeting."

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Posted on Saturday, July 18, 2009 - 7:31am