STONINGTON — Joan Nichols of theConnecticut Farm Bureau Association will discuss Connecticut’s current-use tax law for farmland, forest land and open space at a program Monday night at the La Grua Center.
The statute, Public Act 490, enacted in 1963, allows agricultural, forest or open space land to be assessed at its use value rather than its fair market value.
The session will be from 7 to 9 p.m. Joan Nichols is director of member relations and community outreach for the Farm Bureau. She will explain how the statute works and the benefits for municipalities in keeping property taxes low for farms, forest and open space.
Nichols will compare the net municipal costs and benefits of taxing farm, forests or open space at a rate lower than its residential development value.
The Stonington Economic Development Commission is sponsoring the program, which is free and open to the public.No pre-registration is required. For information, contact commission member Ward Smith at 860-235-9180.
Snow date for the event is Thursday, March 15.