The Agricorp Farm Property Class Tax Rate Program (FPCTRP) provides landowners who engage in farming with a reduced property tax rate on their farm properties. This incentive is available to individuals or entities that own land used primarily for agricultural purposes, such as crop production, livestock farming, or horticulture. To qualify for the program, landowners must meet specific criteria outlined by Agricorp, which typically includes demonstrating that the property is actively farmed and producing income. This program is designed to support the financial viability of farmers by lowering their property tax burden, helping them reinvest in their agricultural operations and promoting sustainable farming practices. The program is administered by Agricorp, and applications must be submitted annually to maintain eligibility.
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