Land Use & Zoning
Oklahoma's 'Agricultural Land Preservation Act' and similar measures are designed to:
AForce all agriculture into designated zones only
BProtect viable agricultural land from premature conversion to urban uses through various voluntary and regulatory tools that help farmers stay in farming amid development pressure✓ Correct
CEliminate farmland outside of designated agricultural zones
DOnly apply to properties with active federal farm subsidies
Explanation
Agricultural preservation programs in Oklahoma use tools like agricultural conservation easements, right-to-farm laws, preferential tax assessment for agricultural land, and planning policies to help maintain viable farming in areas experiencing development pressure.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
EasementA non-possessory right to use another person's land for a specific purpose.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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