AB768-SA20,1,86
70.32
(2r) For the assessments as of January 1 of the following years,
7agricultural property shall be assessed at the following percentages of its fair market
8value:
AB768-SA20,2,22
(g) 2005 and thereafter, 60%.".
AB768-SA20,2,105
74.48
(1) If land that has been valued under s. 70.32 (2r)
(b) is sold by a person
6who has owned it for less than 5 years and who has benefited from a value lower than
7that established by
s. 70.32 (2r) (a) the assessment as of January 1, 1995, there is
8imposed on that person a penalty equal to 5% of the difference between the sale price
9of the agricultural land and the value that would be established for it under s. 70.32
10(2r) (c) during the last year of the person's ownership.".
