Agricultural land exemption

[James Canoy]

I’m trying to figure out what the typical tax reduction is for turning a ny home into a producing farm by merging with an adjacent orchard? Just a ballpark would be great.

This ”multiplying the acreage in each soil group and farm woodland by the applicable agricultural assessment value. The sum of the values is multiplied by the municipality's latest State equalization rate or special equalization rate. The resulting figure is the agricultural assessment for the eligible land in the parcel. This amount is compared to the assessed value of the eligible land. Any assessed value above the agricultural assessment is exempt from real property taxation. “ tells me nothing.