Transfer Of TitleTaxesMEDIUM
Tennessee greenbelt law provides:
Correct Answer
B) Reduced property tax assessment for agricultural land
The greenbelt law allows qualifying agricultural, forest, and open space land to be assessed at use value rather than market value.
Answer Options
A
No tax benefitsB
Reduced property tax assessment for agricultural landC
Higher taxes for farmsD
Only commercial benefitsVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
property-assessment-methodsagricultural-land-preservationproperty-tax-calculationland-use-planning
Key Terms:
Tennessee Greenbelt Lawuse value assessmentagricultural land taxTCA 67-5-1001farmland preservation
Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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