Rollback Tax changes in 2021 – Delaying a closing could save your clients money!
From: Burnet R. Maybank III, Member at Nexsen Pruet, LLC When agricultural real property is applied to a use other than agricultural, it becomes subject to rollback taxes. In the year the use changes, the difference between tax paid under the agricultural use classification and the amount that would have been paid (typically as commercial)… Continue Reading Rollback Tax changes in 2021 – Delaying a closing could save your clients money!