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The farmland bubble

May 13, 2014

To the editor: Now that the first half deadline for paying your property tax bill is fast approaching, farmers need to answer this question, “Is their property over assessed?” Will the income from......

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Twizzy

May-16-14 3:05 PM

"An inflated value is fine if you are selling" . . .so you want your land to be worth that much if you are selling it but not if you are being taxed? tooold is correct . . it goes by comparable sales in the area. So, as soon as farmers stop paying so much for land they will stop being taxed for it. I completely agree with the point that new young farmers without family ties don't stand a chance. But look at your neighbor as to why. Supply demand market . . . we shouldn't be subsidizing anything.

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tooold

May-13-14 9:34 AM

I always thought that the assessed value of homes, farmland etc is what a similar home or land has sold for in that area.

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