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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
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; assessment of rollback taxes; and.
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, assessment of rollback taxes and the process of appealing the denial of a classification, the assessment of rollback taxes or the established use value.
The Greenbelt law provides property tax benefits for three types of qualifying land: farm, forestry and open space land. Most are aware of the category for agriculture and forestry but many are not aware of the third category for open space land.
Greenbelt Information. PLEASE NOTE: If you have recently purchased property that is qualified for the Greenbelt Program, you will receive an application from our office. We verify acreage and mapping before sending applications, so please be patient with the process.
Greenbelt Program. The Agricultural, Forest and Open Space Land Act of 1976, better known as the Greenbelt Law, allows certain land to be taxed on its present use instead of market value. The law is designed to preserve farm and forest land for valuable food and fiber and to maintain open space for public enjoyment by easing some of the burden ...
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?
