Hanover County issued the following announcement on Dec. 30
Hanover County offers a Land Use Taxation Program under which qualified landowners can have their property assessed at “use value”, which may be lower than market value and reduce taxes owed.
The application period for this program begins January 3, 2022 and extends through February 1, 2022.
Landowners who have kept their property in agricultural or horticultural use for at least five years can qualify for the land use program. The property kept in agricultural or horticultural use must be at least five acres in size.
Property that has been zoned Rural Conservation (RC) also can qualify for the Land Use program.
If the land use is changed, the tax reduction must be repaid with simple interest for the current tax year and potentially up to the previous five tax years.
About 3,632 parcels and 148,762 acres are currently enrolled in Hanover County’s Land Use Taxation program. This represents about 50% of the County’s total acreage. The total tax deferral realized by these property owners is about $5.488 million.
For more information about the Land Use Program or other tax relief programs offered by Hanover County, call the Commissioner of the Revenue at 365-6125 or visit the Land Use page for the Commissioner of the Revenue at www.hanovercounty.gov
Original source can be found here.
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