10-6-114. Criteria 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.