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  1. #1
    Join Date
    Jan. 29, 2007
    Posts
    339

    Default Is This Fact

    Never mind!



  2. #2
    Join Date
    Oct. 8, 2002
    Location
    Maryland
    Posts
    9,564

    Default

    I know (at least, I thought I knew, haha) there's at least one town or county where you are supposed to, but I'm not sure that's state wide...

    did find this, thank you google:

    http://www.cga.ct.gov/2010/rpt/2010-R-0473.htm

    Connecticut law treats horses as personal property, requiring municipalities to assess them at 70% of their fair market value. But it exempts those used exclusively for farming from the tax and exempts the first $1,000 of assessed value for horses used for other purposes (CGS ยงยง 12-91 and 12-81 (68)).
    "smile a lot can let us ride happy,it is good thing"

    My CANTER blog.



  3. #3
    Join Date
    Nov. 2, 2001
    Location
    Packing my bags
    Posts
    32,148

    Default

    was that person a financial expert? Tax adviser?
    Quote Originally Posted by Mozart View Post
    Personally, I think the moderate use of shock collars in training humans should be allowed.



  4. #4
    Join Date
    Jun. 20, 2008
    Posts
    4,238

    Default

    I would think maybe it might be different level of property taxes - in some areas where horses are considered agricultural a property owner might have the benefit of paying a lower real estate tax because of having an 'ag" business. A friend of mine has a farm in an area which is zoned R-2 (2 acre residential lots) and because of her boarding business she is currently paying the lower ag tax, however if she sells she's going to get slammed w/ having to pay back ag taxes



  5. #5
    Join Date
    Nov. 2, 2001
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    Packing my bags
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    Quote Originally Posted by gottagrey View Post
    I would think maybe it might be different level of property taxes - in some areas where horses are considered agricultural a property owner might have the benefit of paying a lower real estate tax because of having an 'ag" business. A friend of mine has a farm in an area which is zoned R-2 (2 acre residential lots) and because of her boarding business she is currently paying the lower ag tax, however if she sells she's going to get slammed w/ having to pay back ag taxes
    But that's on the land...not horses....
    Quote Originally Posted by Mozart View Post
    Personally, I think the moderate use of shock collars in training humans should be allowed.



  6. #6
    Join Date
    Aug. 11, 2003
    Posts
    3,589

    Default

    Quote Originally Posted by gottagrey View Post
    I would think maybe it might be different level of property taxes - in some areas where horses are considered agricultural a property owner might have the benefit of paying a lower real estate tax because of having an 'ag" business. A friend of mine has a farm in an area which is zoned R-2 (2 acre residential lots) and because of her boarding business she is currently paying the lower ag tax, however if she sells she's going to get slammed w/ having to pay back ag taxes
    I think she might find that it's the new owners that are slammed. Typically rollback taxes kick in for the person who takes the property out of ag. Therefore technically as long as your friend keeps it in ag until she sells it, she should be OK. If the buyer takes it out of ag, she will get slammed with rollback taxes on the value of the land for a certain number of years. Here it is 5 years, not sure if that is just TX or across the board.

    Certainly that's my understanding.



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