Present Use Value (PUV) is a tax deferred program that allows landowners to keep lands working in agricultural, horticultural and forestry production. Land in PUV is appraised based on its value as working/agricultural land rather than its “highest and best use” value and is perhaps the most beneficial tax program for owners of rural property, offering up to 90% tax savings for eligible landowners.
To be considered eligible for the program, there must be at least one tract that meets the minimum qualifying acreage requirements:- 5 (five) acres for horticulture
- 10 (ten) acres in field crops or pasture
- 20 (twenty) acres in managed forestry production
In addition, the land must produce a minimum average of $1,000 of gross income annually for horticulture and field crops or be managed under a qualified timber management plan for forestry
To become a participant in the PUV program, you will need to complete an application through the Lee County Tax office. For more information about the program, including frequently asked questions and an application forms, please visit the following site: PresentUseValueInformationLeeCountyTaxDepartment
