No, it's not a belt that you receive in your Taekwondo class.....well it might be but the Green Belt I'm referring to is the classification of agricultural property. Green Belt qualified property is taxed upon its productive capability and not the market value.
So what does this mean? Well in regards to Mosida Orchards the land is currently a qualified Green Belt property. There is a master land lease on the property with a local sheep herder to graze his sheep on the property. Green Belt property allows the owner some reduction of taxes if property is being used for an approved agricultural use.
No comments:
Post a Comment