Agricultural Land Valuation Kentucky Department of Revenue June 6, 2016 Opinion

posted Nov 30, 2016, 6:50 AM by Irma Miller   [ updated Nov 30, 2016, 6:53 AM ]
Agricultural Land Valuation Kentucky Department of Revenue June 6, 2016 Opinion

  • "(A) property consisting of only 10 contiguous acres (5 contiguous acres in the case of commercial aquaculture or horticulture) cannot qualify for valuation as agricultural or horticultural land (under KRS 132.010(9)), if it contains a dwelling house or any property used in connection with a dwelling house, as described in the statute.
  • (R)eal property which has not been actively engaged in an agricultural, horticultural, or commercial aquaculture use, or which has not been "devoted to and meeting the requirements and qualifications for payments pursuant to agriculture programs under an agreement with the state or federal government," does not meet the requirements for agricultural or horticultural valuation under KRS 132.010(9)-(11)

        KRS 132.010

        Fayette PVA


        HB.585

        KBTA Cases

        Kentucky Society of CPAs, Kentucky State Tax Conference November 30, 2016