Guide to Community Planning in Wisconsin by Brian W. Ohm	Chapter 2:  Types of Plans & Overview of Implementation Tools
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Starting in 1996, assessed values on farmland were reduced to its "use" value.(90)  This is to take ten years. Under the legislation, all agricultural land is to be assessed at use value, regardless of zoning or market sales of land. Landowners who sell their land after owning the land for less than five years will be required to pay a penalty to the Wisconsin Department of Revenue. While the new program may be expected to provide substantial property-tax relief to all owners of farmland, it will do so without attaching any significant restrictions to the land.

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(90) Wis. Stat. § 70.32.

Wisconsin Statutes