Legal Question in Real Estate Law in Florida

timber farm lot split

i have a 101 acre timber farm with ag exemption it is 20acre home sites the city wants to lot splt 20 acres as ag 20 they say it will protect me later to sell or if bank wants to take land i am afraid my taxes will increase. property apraiser said i will have to re-apply for ag exemption on 20 ac what shoud i do thanks eddy


Asked on 7/29/07, 7:17 am

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: timber farm lot split

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

I am not sure I totally understood your question. However, the city or county has the right to reappraise your property at what they feel to be the best use. Agricultural exemptions are not guaranteed. If all the property around you has been developed and you are simply holding your land or waiting for a better price, they are within their rights to tax it at full value if agricultural use no longer fits in with the community. Accordingly, whether or not you agree, it can be re-classified to single family useage.

Scott R. Jay, Esq.

Read more
Answered on 7/29/07, 5:56 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida