Exemption—Dedicated lands in urban districts
Portions of urban‑district property may be exempt from real property taxes when an owner formally dedicates specific areas for landscaping, open spaces, public recreation, or similar public‑benefit uses, and the director determines that the public benefit of the dedication is at least equal to the value of the taxes being waived. Once approved, the owner must maintain the dedicated land for at least 10 years, with automatic renewals. Any failure to maintain or preserve the dedicated use triggers cancellation and rollback taxes, with interest, applied retroactively to the original dedication date.
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