Florida Real Estate Practice Exam

Which of the following is true about the Florida Green Belt Law?

1. It allows agricultural properties to be assessed at a lower rate.

2. It allows all properties to be assessed at a lower rate.

3. It allows investors to buy agricultural property at a lower rate.

4. It makes agricultural properties exempt from property tax.

The correct answer is: It allows agricultural properties to be assessed at a lower rate.

The Florida Green Belt Law is a law that allows agricultural properties to be assessed at a lower rate for property taxes. This means that agricultural land owners can benefit from a lower tax rate, in order to keep their land in use for agriculture. Option B and D are incorrect because the law only applies to agricultural properties, not all properties. Option C is incorrect because the law pertains to tax assessment, not purchasing of properties.