How do I determine my eligible property taxes for the farmland preservation tax credit if my tax statement(s) include land excluded from my farmland development rights agreement(s) (FDRA)?

You must take the legal description(s) of the FDRA(s) and the property tax statement(s) to your local assessor to obtain a breakdown of the taxable value and levied taxes on the land excluded from your FDRA(s).  The total taxable value and levied taxes must be reduced for the excluded parcel(s) before listing the eligible taxable value and property taxes on the Schedule CR-5.

This information must be submitted on official township letterhead and signed by your local assessor or the assessor can complete and sign the Assessor Worksheet. The Worksheet is available on Treasury’s Web site at www.michigan.gov/iit. If your land changes (e.g. added/removed buildings), you will need to submit a new breakdown.