Form Rp-305-P - Agricultural Assessment - Payment Calculation Worksheet Page 3
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RP-305-p Rev. (10/97)
INSTRUCTIONS
PAYMENT CALCULATION WORKSHEET (FORM RP-305-p)
Definition of Conversion
Agriculture and Markets Law 301(8) defines conversion as “an outward or affirmative act changing the use of
agricultural lands”. Land that has been idled is not considered to be converted although it will cease to be eligible to receive an
agricultural assessment. Land that has been converted as a result of eminent domain, an involuntary proceeding other than a tax
sale or oil and gas exploration shall not be subject to payments for conversion.
It is the assessor’s responsibility to track and discover conversions when they occur. Landowners are required to notify
the assessor within ninety days whenever conversion of a parcel that benefited from agricultural assessment occurs. A fine up to
$500 may be imposed for failure to do so. For users of the RPS, the system allows for the identification of parcels so
encumbered. Parcel splits and building permits may provide the assessor with notice of a potential conversion.
Calculation of Payment
Form RP-305-p is to be used in calculating the payment.
Data needed
1. Most recent year the parcel benefited from an agricultural assessment.
2. Number of years during the last five that the parcel benefited from an agricultural assessment. This is important for
determining which interest rate factor to apply.
3. Tax rates for each category exempted in the most recent year of benefit, i.e, county, town, school and special district if
exempted.
4. Amount of exemption if full parcel is converted.
Additional data needed if a portion of a parcel is converted
5. Area converted to nearest tenth of an acre.
6. Soil breakdown on area converted. If this cannot be readily determined by the assessor, soil and water conservation office
should be asked to prepare this breakdown.
7. Agricultural assessment values for the last year of benefit, including the 41750 exemption for the replanting or expansion of
an orchard or vineyard.
For the
8. The exempt amount on area converted can be determined once side two of form RP-305-p has been completed.
purpose of determining the number of years, a year is considered to be from taxable status date to taxable status date.
_______________________________________________________________________________________________
# Years Benefited in last 5 years
Interest Rate Factor
Interest Rate Factors:
1
1.06000000
6% Annual compound
2
1.12360001
3
1.19101600
4
1.26247696
5
1.33822558
Notification Procedures
Once the assessor determines that a conversion has occurred, the assessor should notify all affected
landowners using the Notice of Conversion and Payment Form RP-305-L.
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