land tax- a capital tax on property imposed by municipalities; based on the estimated value of the property property tax capital levy- a tax on capital or property council tax- a tax levied on households by local authorities; based on the estimated value of the property and the number of ...
INCOME. The gain which proceeds from property, labor, or business; it is applied particularly to individuals; the income of the government is usually called revenue. 2. It has been holden that a devise of the income of land, is in effect the same as a devise of the land itself. 9 Mas...
The uses of land are diverse and varied, depending on factors such as location, zoning regulations, and market demand. Here are some of the primary uses of land: Agricultural Purposes:Land plays a crucial role in agriculture, serving as a platform for cultivating crops, raising livestock, and ...
Family farm corporation means a corporation founded for the purpose of farming agricultural land in which the majority of the voting stock is held by and the majority of the stockholders are persons or the spouse of persons related to each other within the fourth degree of kinship, according to...
c. the leasing of a source of revenue to an individual or group d. a fixed tax, rent, etc, paid regularly vb 6. (Agriculture) (tr) a. to cultivate (land) b. to rear (stock, etc) on a farm 7. (Agriculture) (intr) to engage in agricultural work, esp as a way of life 8...
Commercial real estate means real estate or an interest in real estate that is not any of the following: Real Estate means all Leases and all land, together with the buildings, structures, parking areas, and other improvements thereon, now or hereafter owned by any Loan Party, including all ...
The Agricultural Adjustment Act helped farmers by raising the prices of crops and paying them for land not used. Roosevelt wanted farmers to reduce how much of their land they farmed on and the U.S. government paid farmers directly for the money they would have made if they farmed the vacan...
1. A tract of land cultivated for the purpose of agricultural production. 2. a. A tract of land devoted to the raising and breeding of domestic animals. b. An area of water devoted to the raising, breeding, or production of a specific aquatic animal: a trout farm; an oyster farm. ...
Land valuation can also help landowners deal effectively with those who wish to enter a business transaction with them to make use of their land. Knowing the land value and the expenses associated with ownership (in addition to the type of use sought) can help the landowner pinpoint what to ...
there should be continued effort to operate the farm as a business with the expectation of profitability over time. Schedule F can be used in a variety of situations; for example, it can be used by individuals owning or leasing agricultural land, operating a family farm, or engaging in partn...