Williamson Act Letter of Interest NEW
Yolo County will be accepting letters of interest for new Williamson Act contracts for a 90 day period from February 23, 2016 to May 23, 2016. The intent of this program is to gauge landowner interest in new Williamson Act contracts, which subsequently can inform relevant future policy discussions and decisions regarding the Williamson Act in Yolo County. The submission of a letter does not guarantee the County will enter into a Williamson Act contract with a property owner nor does it confer any benefit or prioritization should the County begin to accept new Williamson Act contracts.
The California Land Conservation Act of 1965--commonly referred to as the Williamson Act--enables local governments to enter into contracts with private landowners for the purpose of restricting specific parcels of land to agricultural or related open space use. In return, landowners receive property tax assessments which are much lower than normal because they are based upon farming and open space uses as opposed to full market value. Local governments receive an annual subvention of forgone property tax revenues from the state via the Open Space Subvention Act of 1971.