How To Register My Farm Or Ranch In Colorado

One of the many benefits of owning a Colorado Ranch for Sale is that agricultural land is taxed at a much lower rate than many other property classifications such as residential or commercial. Given this low agricultural tax rate, it is possible for landowners to pay less in taxes on hundreds of acres of ranchland than they do on their primary residence that may be much smaller.

Colorado Ranches for Sale | South Park Cattle

While nigh of the ranches Mirr Ranch Grouping markets are classified as agronomical land, there are certain steps that landowners need to take to ensure that their agricultural condition stays in identify. If landowners practise non pay attention to this, they run the take chances of their zoning condition being switched, which would outcome in a significantly college annual tax liability.

According to the Colorado Division of Belongings Taxation, state must meet 1 of four primary requirements to qualify for agricultural classification. Below is a brief overview of each of the requirements, and the total information can exist establish past downloading the sectionalization'southward pamphlet "Classification and Valuation of Agricultural Property in Colorado."

1) The parcel of land must have been used as a farm or ranch during the previous 2 years, as well as during the electric current year. To exist designated as a "farm or ranch" the property must exist either producing agronomical products or beingness used to graze livestock. If the agricultural state is being restored through the employ of the Conservation Reserve Programme (CRP), it withal qualifies as agricultural land. The Red Loma Ranch is an example of a property that has maintained its agricultural status because the owners graze cattle on the property as a part of their ongoing ranching operations.

two) The parcel of land contains at least 40 acres of forestland and the landowners accept enacted a woods management plan. Nether a wood direction plan, the owners systematically harvest trees from the property and sell the timber to lumber companies or other wood product businesses. This option is an excellent choice for landowners who are non interested in running cattle or growing crops, just want to reap the monetary benefits of having their land zoned as agricultural. Too, a well-executed forest management programme can be an constructive way to maintain healthy trees and mitigate a ranch's forest burn risk. Both Phantom Lake Ranch and the Shadow Wild Ranch have maintained their agricultural tax status through the use of a woods direction program.

3) The parcel of state is at least 80 acres (or less than 80 acres if there are no homes or residential structures) and has been permanently protected by a conservation easement held by a qualified land trust. Also, the state should have been classified as agricultural prior to the placement of the conservation easement. The recently sold Jensen Ranch maintained its agricultural condition through the placement of a conservation easement held by Legacy Country Trust.

iv) The parcel of land uses appropriated footing water for not-residential purposes, and this h2o is existence used for agricultural or livestock purposes such as crop irrigation or growing hay.

It is extremely important for landowners of Colorado ranches for auction to consult with their county assessor's role and personal auditor to ensure that they are meeting all of the requirements to maintain their agricultural tax status. Complying with the requirements listed to a higher place is mostly a uncomplicated process for well-nigh ranch owners, but failure to practice so could testify to be a very costly mistake.

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