Farmland Development Rights Agreement
By: Danelle E. Harrington
A Farmland Development Rights Agreement (known as “PA116”) is a temporary restriction on the land, where the landowner voluntarily agrees to preserve their land for agricultural use in exch Continue reading →
There are two main property tax benefits afforded to agricultural property in Michigan, the Qualified Agricultural Property Exemption and the exemption from uncapping when agricultural property is transferred to a new owner.
The first, the Qualified Agricultural Exemption, is an Continue reading →