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CHAPTER 16 EXCESS LAND TABLE OF CONTENTS 16.01.00.00 01.00 02.00 03.00 03.01 03.02 03.03 03.04 03.05 03.06 03.07 03.08 03.09 03.10 03.11 03.12 03.13 03.14 03.15 03.16 03.17 03.18 03.19 03.20 03.21
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Excess land refers to the portion of land that exceeds the amount needed for a specific purpose, often in the context of property taxation or valuation. Surplus typically refers to assets or resources that are available after accounting for required needs or obligations.
Property owners or taxpayers who possess excess land beyond their operational needs are required to file excess land and surplus.
To fill out excess land and surplus forms, property owners must provide detailed information regarding the amount of land they own, the intended use of the property, and any other relevant valuations. Specific forms may vary by jurisdiction.
The purpose of excess land and surplus reporting is to assess the correct valuation of properties for tax purposes and to ensure that excess resources are identified and appropriately managed.
Information that must be reported includes the total acreage of land owned, details about the intended and actual use of the land, current market values, and documentation proving any excess status.
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