Agricultural Classification Questionnaire
WHAT IS AGRICULTURAL CLASSIFICATION?
Agricultural classification is a tax savings benefit for property owners that use their land for bona fide commercial agricultural uses. “Bona fide use” means good faith, commercial agricultural use of the land with the intent of earning a profit. This benefit results in the land being valued based on the probable income from normal agricultural use. This is often substantially less than market value. The agricultural use must be in place on or before January 1st of the year which the ag classification is requested. Only the land value portion of the property that is being used for agriculture can receive the classification. (Florida Statute 193.461)