There has been a recent uproar regarding agricultural exemptions. Should a developer who is unable to develop their platted subdivision be eligible for a agricultural tax exemption? A number of recent articles in the Denver Post have discussed this issue (Link to Denver Post Articles ). In my opinion the way to solve allot of the agricultural tax exemption abuse is to make the parameters more stringent. The following changes would solve the majority of problems: 1) make a minimum lot size for agricultural exemption (lets say 40 acres) 2) require anyone who receives the agricultural exemption to maintain the agricultural zoning for twenty years. If the zoning is changed, then all taxes at the normal rate for prior years become due and owing. These two changes will solve the majority of issues with agricultural zoning in Colorado.
Fairview Lending is a private Colorado Lender who has made hundreds of private loans on both residential properties, agricultural land, and commercial properties. To learn more please visit our website at www.cohardmoney.com or call 303…459…6061
