What is required for the property to qualify for Special Use Valuation regarding usage?

For a property to qualify for Special Use Valuation, it is necessary that at least one family member has owned and used the property as a farm or business for at least five of the eight years before the death of the property owner. This provision is intended to provide tax relief to family-owned farms or businesses that face significant assessment valuations due to the land's potential market value, rather than its actual use.

In practice, this means that the property must have been actively utilized in a manner that aligns with agricultural or business operations, demonstrating its role in contributing to the family’s livelihood and emphasizing the intent to maintain the property within the family for continued use in that capacity. Therefore, meeting this specific ownership and usage duration is crucial for the property to benefit from the advantages of Special Use Valuation under the tax code.