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Pa Property Tax Assessment AppealsMillage_calculationsHARD

A PA farmland owner enrolls 80 acres in the Clean and Green program. The land's fair market value is $15,000 per acre, but its agricultural use value is $2,000 per acre. The county's CLR is 50%, and the total millage rate is 30 mills. What is the annual property tax savings from Clean and Green enrollment on this land?

Correct Answer

D) $15,600

Without Clean and Green: Assessed value = 80 × $15,000 × 0.50 = $600,000. Tax = $600,000 × 30 / 1,000 = $18,000. With Clean and Green: Assessed value = 80 × $2,000 × 0.50 = $80,000. Tax = $80,000 × 30 / 1,000 = $2,400. Savings = $18,000 − $2,400 = $15,600.

Answer Options
A
$12,480
B
$9,360
C
$31,200
D
$15,600

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Related Topics & Key Terms

Key Terms:

clean_and_greentax_savingsuse_valuecalculation
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