Present-use value is the value of land in its current use as agricultural land, horticultural land, or forestland based.
Applications for property that is not currently in present-use must be filed during the regular January listing period.
When property that is currently is in present-use changes ownership, a new application must be completed to continue the program. Failure to do so will result in the loss of the program.
When property no longer qualifies for the program, the deferred taxes for the current year and previous three years with interest will become due immediately.