What is "tax deferral" status?

Profile picture for troyfrei
This home was once a part of Annie's Berry Farm. The home sits on 5 acres. Of that 5 acres, approximately 4 have been designated as "Land Use" or agricultural. This means the tax rate is lower--you pay only about half of what the normal taxes would be if the property was in regular tax status.
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May 01 2007
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