Current Use Removals
You will learn:
- Why land is removed from Open Space or Designated forestland.
- Withdrawal versus removal – when does the 20% penalty apply.
- Process to follow when land is no longer in compliance and when land is being sold.
- The different components of additional tax and compensating tax.
- When the additional tax or compensating tax is not imposed.
- Review of the forms that the Department of Revenue provides to the Assessor.
3 general interest hours