Land Use & Zoning

Agricultural land in Minnesota that is enrolled in Green Acres receives:

AA complete property tax exemption
BDeferred property taxes based on agricultural value rather than development value✓ Correct
CAn automatic homestead classification
DPriority access to state irrigation water

Explanation

Minnesota's Green Acres program (Agricultural Preserve) allows qualifying agricultural land to be assessed and taxed at its agricultural value rather than its higher development potential value, deferring the difference. When land leaves agricultural use, the deferred taxes plus interest become due.

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