AGRICULTURAL CLASSIFICATION 

DISCLAIMER: your tax attorney and lawyer should be consulted for any actual applications, the info below is merely additional resources to use in planning.

One of the biggest mysteries surrounding horse properties in Florida is who, and under what circumstances, can claim an Agricultrual Classification for their horse properties, thereby greatly reducing their property taxes. 

The short and simple answer is that your use for the horses must be for "bona fide agricultural purposes" for commercial use. In other words, you must have the horses with the real intent to earn an income from them.  Examples would be breeding, boarding, etc.  Each property is considered on a case by case basis and top factors include: the size of the parcel, records and books of the business, registration of the breeding stalliions and/or mares, boarding agreements, etc.  Other factors considered are:  how long you have owned the property and the use of it over the years, if there is a primary residence on it, how much income is earned from the business, etc.  Cases have been both approved and disapproved over the years, the stronger the facts, the more likely your application will be accepted.

March 1 is the filing, you can find the form here.   If you have questions about your particular property, the Florida Farm Bureau might be able to point you in the right direction.

Good luck and happy riding! 

 

Janie Coffey
Owner/Broker, GRI, TRC, QSC
cell: 786-252-4970
email: janie@papillonllc.com

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2 Comments on Horse Real Estate >> Agricultural Classification for Horse Property Owners in Florida

MAY
05
2007
5 Featured Posts

Janie, I always love your photos!

Is this one an example of a "hobby farm"?

10:32pm • #1
MAY
06
2007
119,592 Points 17 Featured Posts Localism Sponsor Outside Blog Hit Router
this is a sample of a "starter property!" ;-)  Janie
12:36pm • #2

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Janie Coffey, GRI - Miami Real Estate

Coral Gables, FL

More about me…

Janie Coffey and Papillon Real Estate, LLC

Address: 145 Madeira Avenue, Suite 206, Coral Gables, FL, 33134

Office Phone: (305) 569-6380 x 2

Cell Phone: (786) 252-4970

Email Me

We love real estate of all kinds in Miami!  From Land to Sea, agricultural to waterfront, we would love to be your trusted Real Estate Professional.  If you are looking for Miami's finest luxury properties or a deal on a foreclosure, we can assist you with the top technological tools and customer service available.  Due to the current economy, we are also well versed in short sales and would be happy to speak confidentially about your unique situation should you need to sell.  From FREE monthly market reports to FREE MLS searches, we are there for YOU!  You will always deal directly with the owners and Brokers of the firm to assure you the white glove service you deserve!



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