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Old 09-20-2006, 11:38 AM
 
11 posts, read 90,670 times
Reputation: 32

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I know here in Florida, they call it Greenbelt when you have at least 10 acres and stand a stallion and raise foals. It's a tax break on the land taxes if you can be 'greenbelted'. I know in Tennessee you have to have a minimum of 15 acres to get the tax break what about Kentucky? How much or little land can you have to be able to be 'greenbelted'. What is it called if not Greenbelted? I raise horses and am looking to move and wondered just how much land it would take.

Thank you in advance for any info.
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Old 09-22-2006, 12:54 PM
 
Location: Franklin Co.
70 posts, read 191,766 times
Reputation: 54
I haven't heard that term used but I think I can help you.

We recently purchased property in an adjoining county and found out if we have 10 acres of land, one and a half acres will be taxed as residential. The rest of the property is taxed as farmland. You have to have ten acres to be considered a "farm" and get that break on your taxes. It does make a big difference when that yearly tax bill rolls in, lol
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Old 09-26-2006, 09:23 AM
 
11 posts, read 90,670 times
Reputation: 32
Thank you Wildcat. That is what I was wondering. Some areas you have to have that certain number of acres to get any kind of tax break. Here in Florida...you have to have 10 acres and raise some sort of livestock and produce a certain number of babies each year. Tn it is 15 acres. Wondered what it was in Ky. Thank you again.
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