Florida real estate developers, large corporations, and other non-farming entities have long used the state’s “greenbelt” law to take advantage of significant tax discounts. The law provides for lower tax assessments on property classified as agricultural, which Becker land use attorney Katie Edwards-Walpole says is a good thing because it incentivizes property owners to continue using their land for agricultural purposes.
“Regardless of who the owner is, I look at who are they leasing it to…and the fact that we still have availability of farmland – especially in the more urbanized counties,” she commented.
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