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Correcting misconceptions about Florida's Greenbelt Law
Q: What is Greenbelt?
A: It is not a tax “exemption.” Under the Greenbelt Law, FS 193.461 (3) (b), properties that are bona fide agricultural operations are taxed according to the “use” value of those operations, rather than the development value. Generally, tax assessments for qualifying land are lower than those for other uses. But ... all owners of such property do pay taxes.