Erase In Legal Pennsylvania Farm Operations Forms For Free

Act 319: Grants lower assessments based on what a property can earn as a farm or woodlot, not its value on the real estate market. Property owners who break the agreement and develop land must repay seven years in tax savings plus 6 percent interest.

Separation is a division, by conveyance or other action of the owner, of land into two or more tracts of land that continue to be in Agricultural Use, Agricultural Reserve, or Forest Reserve. The tracts must usually be at least 10 acres in size and continue to meet the qualifications.

A landowner who breaches the covenant is subject to seven years of rollback taxes at 6% interest per year. The rollback tax is the difference between what was paid under Clean and Green versus what would have been paid, if the property had not been enrolled, plus 6% simple interest per year.

What types of assets are exempt under the ?farmland - other? exemption from inheritance tax? An agricultural commodity, agricultural conservation easement, agricultural reserve, agricultural use property, and a forest reserve, as defined in 72 P.S. § 9122(a), are exempt.

Act 319 - Pennsylvania Farmland and Forest Land Assessment Act (Clean and Green) is a state law passed in 1974, and amended in 1998 by Act 156 that allows land parcels which are 10 acres or more in size and which are devoted to agricultural and forest land use, to be assessed at value for that use rather than Fair ...

An Act enabling certain counties of the Commonwealth to covenant with land owners for preservation of land in farm, forest, water supply, or open space uses.