LBO: open space deferrals shift $15.9M in tax liability; data limits prevent causal conclusion
The LBO told the commission the open space property tax program deferred roughly $15.9 million in tax liability in 2024 and that data limits prevent a causal determination about whether the program preserved private recreational land over time.
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LBO analysts told the Tax Expenditure Review Commission July 25 that open space preferential valuation and deferral shifted an estimated $15.9 million in tax liability from enrolled properties to others in the same taxing jurisdictions in taxes payable year 2024. Thomas Rainey and Joel Enders presented the evaluation and said the program's benefits are concentrated among privately owned golf courses.
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