On the latest episode of the Conduit Street Podcast, Kevin Kinnally and Michael Sanderson discuss Maryland's agritourism property tax structure.
Maryland was the first state to formally adopt a policy providing lower assessments on land actively devoted to farming or woodland uses. It is called the "agricultural use assessment" and applies to farmland or woodland that meets the criteria outlined in State law.
Many counties are interested in promoting agricultural tourism to support the agricultural industry. Agritourism can be a means of keeping farms profitable during times of low production, and it offers opportunities to highlight Maryland counties' unique agrarian assets. However, defining these activities for tax purposes is tricky.
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Listen to previous episodes of the Conduit Street Podcast on our website.
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Previous Conduit Street Coverage: Ag Assessment Bill Moving With MACo Amendments
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