Examples of Agricultural property in a sentence
Agricultural property is real property that pri- marily generates revenues from the production of crops, fruits, vegetables, livestock, poultry, milk and eggs (cer- tain activities within NAICS sector 11).
Agricultural property is real property and assets that primarily generate revenues from theproduction of crops, fruits, vegetables, livestock, poultry, milk and eggs(activities within SIC Major Groups 01 and 02).
Agricultural property can qualify for business relief if the donee or successor, for whatever reason, fails to obtain agricultural relief.
Agricultural property that is covered by thisexemption is real property thatprimarily derives revenues under Major Groups 01 and 02 of the 1987 Standard Industrial Classification (SIC) Manual.Associated assets integral to the agricultural business activitiesconducted on the property to beacquired include structures (e.g., barns used to house livestock), fertilizer,animal feed and inventory ( e.g.,livestock, poultry, crops, fruits,vegetables, milk, and eggs).
Agricultural property within the town may be exempt from the town taxes or taxed at a lower rate than other property in the town.