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is :1Y" LM , , <br /> ... <br /> x r . - .y•. " •r. • _ _l: n w �L "-,y <br /> -.-.1.-:r .a4Pit." . s ?+� � ; R - k w S,._ 1, .� w w-• f-.•�" w .:►i',;• Y 5rc. -t¢ -- .■ -* =_'e- 'ii�i� "- a.F. - ` � k",0„.,1,..i,.....,-� 'r�' ��� � *� ...r . ri •��•, t ., �' } 'p• rr.: �� c, ^;? •';•."a"7 .ii _a . .. ":*t► y 1 � fi1 � , Yama� :;f-"rw�- N �•`�i:&•.'� 'YC .a•.r,_Y;�f^r":r yLYY' ��' [.; fi r ;t rh �' }.:i ,. {!.s�A�.'R':•.` `b ►�1�._ . ' - Y.7�'„ ��; h r:',„'...,-!..,‘:'-_;:; ' : •_ „ s, A5 Y ' ..i:- �c' .r_c--- .:c .''.E r -.,'?!1 , . `.a i. A �om i "7,--:'-'-,�"� `�' .x; •* ▪'t ? : ,, t; ±. a "4P•. c= .-e _`,�;• ',. . .- . <br /> . necessitates administrative procedures to recoup assessment <br /> when f rmland is converted to non-farm use <br /> possib a permanent loss of assessment if no conversion over <br /> specified period of time . , <br /> 3. medi. to reapplication for present-use value taxation not subject ": , .. <br /> pp p ec>r to _ <br /> the th ee year roll back period if the farm is sold to another <br /> • i.ndiv,dual for farm use. : - <br /> ADVANTAGE <br /> . : no <br /> r ]os.• <br /> of <br /> tax:benefits <br /> . to a..., <br /> ndividual purchasing property rty forfarm- - . , _ruse=as loa g°a tract meet s eligibility criteria Y <br /> ` <br /> }" <br /> ! - 7Y•: •i•-•.---.4.:„1-.... <br /> .., <br /> - • ,possib a incentive to sale of farm for continued use<bywanother _„ <br /> ,owner <br /> DISADV MS: <br /> "x i <br /> tax revenue recovered-through J <br /> ' - '1083.0 roll-back period � - - — ; <br /> -", , . • -possib a negative imp impact fa.,mily farm through extension of benefits to commercial and, non-family farm operations <br /> 4. ExeMption of new.farts structures from property tax assessment - <br /> ADVANTAGE <br /> tax be e£ t for £a , ;• .: ° ._ y <br /> i <br /> rmers desiring to upgrade or expand operations <br /> . passib a incentive to upgrading or expansion of farm operations. . <br /> DISADVAN4CES; <br /> . may relult in benefits for farms most able to expand and upgrade <br /> • no ben fits for farmers not planning to upgrade or expand <br /> . loss i tax revenues will likely be recovered through taxation of <br /> :non-fa m property <br /> 5. Waiver of penalty for a bona fide farm tract which is voluntarily <br /> disaster w�.thdratrn, from the program in the case .of a natural di.sas - - <br /> ADVANTAGE° <br /> . minimi as additional financial pressures on farmer experiencing _ <br /> - • f9}1A11e4A1 wrOttalveoc .41.40 1-.•. +n•.F..•.•-.1 Awe+•+ ....^,.• <br />