Comments on: Utah’s Property Tax System: Its Not Broken But Could Be Improved http://www.themannings.org/soapbox/2008/02/27/utahs-property-tax-system-its-not-broken-but-could-still-be-improved/ Pragmatic Libertarianism Sun, 23 Nov 2008 11:24:47 +0000 http://wordpress.org/?v=2.2.1 By: Jeremy Manning http://www.themannings.org/soapbox/2008/02/27/utahs-property-tax-system-its-not-broken-but-could-still-be-improved/#comment-165453 Jeremy Manning Wed, 27 Feb 2008 15:58:05 +0000 http://www.themannings.org/soapbox/2008/02/27/utahs-property-tax-system-its-not-broken-but-could-still-be-improved/#comment-165453 <p>Greenbelt status is meant to provide tax relief for farmers who have large pieces of land that aren't going to be used for residential or commercial development. These parcels shouldn't be taxed based on their market value assessment as other parcels are. </p> <p>Some developers or large land owners throw a horse on their land and call it agricultural so they won't have to pay their fair share of taxes on it while they are preparing to develop. </p> <p>When land goes out of greenbelt status so it can be developed they only have to pay five years worth of the back taxes on the full market value of the land. </p> <p>Greenbelt status was never meant to be used as a property tax shelter for developers or owners of large residential estates.</p> BTW...Thank you for your question. I live with this stuff every day so sometimes I'm not great at fully explaining my reasoning on when I'm blogging about it! Greenbelt status is meant to provide tax relief for farmers who have large pieces of land that aren’t going to be used for residential or commercial development. These parcels shouldn’t be taxed based on their market value assessment as other parcels are.

Some developers or large land owners throw a horse on their land and call it agricultural so they won’t have to pay their fair share of taxes on it while they are preparing to develop.

When land goes out of greenbelt status so it can be developed they only have to pay five years worth of the back taxes on the full market value of the land.

Greenbelt status was never meant to be used as a property tax shelter for developers or owners of large residential estates.

BTW…Thank you for your question. I live with this stuff every day so sometimes I’m not great at fully explaining my reasoning on when I’m blogging about it!

]]> By: Voice of Utah http://www.themannings.org/soapbox/2008/02/27/utahs-property-tax-system-its-not-broken-but-could-still-be-improved/#comment-165413 Voice of Utah Wed, 27 Feb 2008 15:11:35 +0000 http://www.themannings.org/soapbox/2008/02/27/utahs-property-tax-system-its-not-broken-but-could-still-be-improved/#comment-165413 What do you mean by taking advantage of greenbelt status? What do you mean by taking advantage of greenbelt status?

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