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Deciphering the Tax Status of Leased Property

Is a property leased to a farming tenant a commercial property or an agricultural property? What about a building leased to a government entity? The distinction can make a difference in the tax laws that apply to the parcel.

12 minute read August 01, 2019 at 01:41 AM
By
Janice G. Inman
Deciphering the Tax Status of Leased Property

Is a property leased to a farming tenant a commercial property or an agricultural property? What about a building leased to a government entity? The distinction can make a difference in the tax laws that apply to the parcel.

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