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open space and reduce urbanization across Tennessee. Greenbelt helps provide tax relief, not exemption, to those who qualify. (TCA 67-5-1002) WHAT LAND IS ELIGIBLE FOR GREENBELT? Eligibility is based on one of three categories: Agriculture, Forest, or Open Space. • Agriculture – 15 acres minimum (can also have a separate tract
codified in Tennessee Code Annotated §§ 67-5-1001 through 1050. This manual will discuss the agricultural, forest and open space classifications, the process of applying for a classification,
Greenbelt Manual. The purpose of this manual is to provide information about the Agricultural, Forest and Open Space Land Act of 1976 (the “Act”)—the law is commonly known as “greenbelt.” This manual will discuss: the agricultural, forest and open space classifications; the process of applying for a classification;
Forest LandAPPLICATION FOR GREENBEL. ASSESSMENTThe Agricultural, Forest and Open Space Land Act of 1976 (commonly referred to as the “Greenbelt Law”) permits qualifying land to be assessed for property taxes at its current use value rather than at its fair market value which might be based on a more in.
The Agricultural, Forest and Open Space Act of 1976. Commonly referred to as the “Greenbelt Law,” the Agricultural, Forest and Open Space Act of 1976 was enacted to encourage retention of green spaces around urban areas, and to prevent the loss of family farms due to assessments based on development speculation values, rather than the ...
The Agricultural, Forest, and Open Space Act of 1976, commonly known as the Greenbelt Law, is a tax law enacted by the state legislature to encourage the retention of green spaces around urban areas, and to prevent the loss of family farms due to property taxes based on market value, rather than current use. What qualifes as Agricultural Land?
If an owner owns property with others or as part of a corporation, partnership, etc., each owner is credited with their proportionate share towards that limit. There are 3 types of land which may qualify for greenbelt classification: agricultural, forestry and open space land.
