Do you want to turn your home into a farm to lower your property taxes? Do you already have a farm, ranch, nursery, or other agricultural activity on your property? Here’s what you should know about Florida’s property tax rules.
What is the agricultural exemption?
There’s technically no agricultural exemption. Most people are thinking about the agricultural classification, which is also commonly referred to as greenbelt or the greenbelt exemption.
An exemption excludes part of your property’s value from property taxes. For example, the Homestead Exemption gives most homeowners a $50,000 exclusion.