Farm owners who maintain a working farm are eligible for special tax treatment at both the state and local levels. If you operate a working farm, you can apply to have your property reassessed at a lower value, lowering your annual property tax obligation.
If you construct or rehabilitate any buildings on your property for the purposes of operating a working farm (i.e. the building is used for agricultural production), you may qualify for a 10-year property tax exemption on the new buildings.
If you are directly engaged in the business of farming, you may qualify for a refundable tax credit towards school taxes owed on your agricultural property.
For all opportunities, you need to operate a working farm at your property.
Varies based on the specifics of your property and the outcome of an assessment conducted by NY State.
The farmers' school tax credit is a refundable credit to offset some amount of school taxes paid for your property.
Claimed as a reduction to your property taxes, or as a refundable state tax credit.
How to Claim
Required Information
Timeline
FAQs
