Regulation .08 Agricultural Use Value Rates.
Regulation .08 Agricultural Use Value Rates.LinkCopy Citation
The following ranges govern the valuation and assessment of land eligible for agricultural use assessment, based on the capitalization of Statewide farmland rentals:
| Use Value/Assessment | ||
|---|---|---|
| Class 1 | FCMA land | $125 per acre/$125 per acre |
| Class 2 | Land under a private woodland management plan | $187.50 per acre/$187.50 per acre |
| Class 3 | Other eligible land | $125—$500 per acre/$125—$500 per acre |