Use-Value Tax Deferral Program (Land Use)

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The Use-Value Tax Deferral Program provides for the deferral of real estate taxes on property that meets certain agricultural, horticultural, forestry, or open space use criteria. Eligible land is valued and taxed based on its use versus being valued and taxed at its fair market value. The deferred tax is the difference between the annual tax owed based on fair market value and the annual tax based on the use value. The deferral continues as long as the qualified use continues.


Qualifying Standards for Use-Value Assessment

For Reference: Title §58.1-3230 of the Code of Virginia in conjunction with Albemarle County code sec. 15-714

Standards vary depending on the category sought. For all categories, the owner must use the best management practices to protect soil and water quality. The basic production standards are detailed below.

Agriculture
Horticulture
Forest
Open Space

Acceptable Documentation to Show a Qualifying Use

You may provide information iin the Animal/Crop production tables of the Land Use Application Form or provide the following:

  • Federal Tax forms such as:
    • 1040F – Farm Expense and Income
    • 4385 – Farm Rental Income and Expense
    • 1040E – Cash Rent for Agricultural Land
    • 1040C – Business Profit and Loss
  • Receipts from the sale of qualifying products are acceptable.

The Manual of the State Land Evaluation Advisory Council


Contact

Need additional information? Please contact the County Assessor’s Office, located at 401 McIntire Road, Charlottesville, on the second floor in Room 243.


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