Personal property used in production agriculture or horticulture, valued up to $100,000, may be exempted for the beginning farmer or rancher.
Apply for an eligibility certificate from the Beginning Farmer Board by November 1st of the year preceding the year for which exemptions are sought (i.e., apply by November 1, 2011, for 2012 exemption).
To claim an exemption of taxable tangible personal property, present the Eligibility Certificate provided by the Beginning Farmer Board to your county assessor by December 31 for approval.
The tax exemption may be received for three consecutive years.
Personal Property Tax Exemption Application (note, this application is the same as the Tax Credit Application and may be used to apply for both programs).