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Property Tax Incentives for the Georgia Landowner
stated, value assigned to the land provides a basis for distributing the costs of running local government and supporting the county school system. Property tax bills for land owners, no matter which alternative is chosen, are based upon the following formula: • Assessed Value = Property Fair Market Value (FMV) x. …
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BENEFITS OF LAND VALUE TAXATION - Tax Justice Network
taxjustice.netBENEFITS OF LAND VALUE TAXATION Land is a natural resource that existed before mankind walked the earth. Land values are created by the whole community because of our need to use land for housing, education, public services, agriculture, mining, business, transport and recreation.
CONSERVATION EASEMENTS AND TAX BENEFITS
www.conservationlaw.org7. Taxpayer allocates basis to reduce his/her tax basis in the land in proportion to the value of the conservation easement, so that the conservation easement value is proportionate to the value of the land, owner incurs a higher capital gain tax rate when selling the land encumbered by the conservation easement. (26 CFR 1.170A-14(h)(3)(iii)