What is the limit on change in conservation use values provided to counties by the DOR?

The correct answer is based on the guidelines established by the Department of Revenue (DOR) regarding conservation use values. Specifically, the DOR has set a limit on the change in conservation use values for properties that are designated for conservation. This cap is aimed at providing stability and predictability for landowners who are benefiting from conservation use assessments.

The 3% limit ensures that any annual adjustment to the conservation use value does not exceed this percentage, thereby protecting landowners from drastic fluctuations in property tax assessments due to rapid changes in market conditions. This allows participating landowners to adequately plan their finances without the concern of significant increases in property taxes each year.

Understanding the context of these limits helps in grasping how conservation policies are structured to encourage land preservation while balancing the fiscal responsibilities for counties and local governments.