10-6-114Criteria for qualifying for tax freeze on agricultural property of beginning farmer.

The tax freeze in § 10-6-113 may be applied to agricultural property classified pursuant to § 10-6-110 if the following criteria are met:

(1)    The owner of the property is a beginning farmer who has never before owned agricultural land;

(2)    The property does not exceed one hundred sixty acres or one-half of the median-sized farm in the county as determined by the board of commissioners, whichever is greater;

(3)    The beginning farmer works on and operates the farm;

(4)    At least half of the beginning farmer's gross income is derived from agriculture;

(5)    The property has not been subject to a beginning farmer's tax freeze for at least twenty years prior to the purchase date.

Source: SL 1994, ch 81, § 2; SL 2021, ch 44, § 44.