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Ty.:�_ - - - 'a4k2' w.a;.�• -�:�ti: 'w .`d''..r`S`:',.e r'?':. $Y'r'/9.-.�y- i :ny'a�„ ._�.r-'_.,y .-......r— �q� <br /> �x <br /> 'Fy1 <br /> '4:k'� A<:i ,H'.-r• <br /> -yk„�'•' - -- - � rte• <br /> ADVANTAGES: <br /> allows farm operations to be taxed it less than use value <br /> assessment and be afforded some tax relief <br /> provides for a conservation agreement restricting non-farm <br /> development for a_ specified period of time in exchange for <br /> the additional tax relief <br /> voluntary application means high acceptability and low cost <br /> to non-participants <br /> DISADVANTAGES: <br /> administrative complications in creating new classifications <br /> and eligibility procedures for less than use value taxation <br /> limited penalties for early withdrawal from conservation <br /> agreement <br /> does not prevent speculative- "holding" of farm tracts for <br /> future non-farm development <br /> minimal relief from taxation <br /> provision does not address direct problems of non-farm <br /> development pressures <br /> discriminatory benefit for the agricultural sector <br /> lost tax revenue is likely to be retrieved through higher <br /> taxation of non-farm properties <br /> 2. Waiver of assessment for water and sewer extensions so long as no <br /> use is made of the extension by the bona fide farm tract owner <br /> ADVANTAGES: <br /> limits financial responsibility of non-beneficiary farmers in <br /> public utilities extension until conversion of property to <br /> non-farm use <br /> may act as disincentive to non-farm development in farm areas <br /> DISADVANTAGES: <br /> exempts large tracts of land from assessment <br /> c <br />