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Originally Posted by EddieWalker
What is the definition of farming?
Here, I have timber on my land, and my land is taxed based on the value of the land, then the timber exemption is applied to my property taxes and the rate is lowered based on the exemption.
I qualify for farm exempt purchases for my farm to maintain the land and improvements that I make to the land. I'm not selling trees or doing anything special to them, just letting them grow.
With small acreage around here, like 2 acres, the house is taxed on the land it sits on. The rest of the land qualifies for the exemptions that are filed on it, and can be used for farming purposes if you farm, attempt to farm or fail at farming.
What are you going to do with the tractor?
Eddie
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Eddie,
In Texas the rules are set by individual counties. Some counties say you must have at least 5 acres some say 10 acres. In my case it is 10 acres. There may even be some that are less or in between. In any case to be exempt from taxes you have to have filled out an exemption form for the state. Your name will be on file and when you buy tax free they will pull up your name from the state records. I just went through this in November when I purchased my tractor. Now they pull up my name any time I purchase anything farm releated.
In Georgia I don't know the rules, but I would assume they may have similar ones.