Florida Statute 193.461 is commonly referred to as the “Greenbelt Exemption”. Under this statute, farm properties that are used for bona fide agricultural activities are to be taxed based on the current “use” value of the property-$500 per acre—versus its development value, which is typically much higher.
https://www.proptaxadjust.com/floridas-agricultural-property-qualification-and-how-to-qualify/