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Government pays you to Not build on your land?? HELP!!!?
my neghibor has a 100+ acre farm, and like 8 years ago, he got paid to sign a government contract or something that says nothing new can be build on it for like 100 years. Dose anyone know what this is called, and how much land you need, what you can &cant do, stuff like that. I also want to know if this land can be sub divided. Thanks for your help!
2 Answers
- billy briteLv 69 years agoFavorite Answer
Your neighbor probably signed a "conservation program" to reduce his property taxes. In the event he reneges and decides he wants to subdivide and build on the land, he will be penalized heavily with a very large tax. That program is becoming more and more popular amongst the children of farmers that want to keep the homestead and pay lower taxes.
I own 90 acres and also did sign up for the conservation program. At the time, I was told the rules and I am sure your neighbor knows them too.
For more information, contact your county tax department.
- Anonymous9 years ago
They buy the Development rights he can still farm it but not build on it.You can not subdivide it unless you buy out the rights an pay back the money an penalty this is different in many States .
