![]() ![]() Plus, the owner pays 7 percent interest for each year from the date the taxes would have been due. The rollback tax is the difference between the taxes paid on the land's agricultural value and the taxes paid if the land had been taxed on its higher market value. The rollback tax is due for each of the previous five years in which the land received the lower appraisal. If land receiving an agricultural appraisal changes to a non-agricultural use, the property owner who changes the use will owe a rollback tax. However, land within the city limits must have been devoted continuously for the preceding five years, unless the land did not receive substantially equal city services as other properties in the city. The land must have been devoted to agricultural production for at least five of the past seven years. ![]()
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