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Indiana Legislature Bill Advances To Delay Farmland Tax Hike
Indiana Legislature Bill Advances To Delay Farmland Tax Hike

Originally Appeared On : "indystar.com"

February 12,2013

Lawmakers are advancing a proposed one-year delay in new calculations for property taxes on Indiana farmland.

It could delay an average 25 percent increase in tax payments for farm owners.

The bill would stop the state from using updated soil productivity figures in setting new property tax rates this year. The productivity measure is one of the factors used to determine the land value.

The legislative proposal would require state tax officials and Purdue University agriculture researchers to prepare a review of the soil productivity measurement for the Legislature to consider next year.

Bill sponsor Sen. Jean Leising of Oldenburg says she wants to make sure farmland is being assessed in a commonsense way.

The House Ways and Means Committee approved the bill Monday after it earlier passed the Senate.
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Buying and selling of agricultural land can be very complex.  To help you tackle the issues surrounding agricultural land transactions, Farms.com Real Estate has compiled a list of experts in the areas of agricultural economics and land values. 

University of Illinois

Department of Agricultural and Consumer Economics, Extension Specialist, Farm Management
Gary Schnitkey
schnitke@uiuc.edu

Department of Agricultural and Consumer Economics, Extension Specialist, Farm Management
Dale Lattz
d-lattz@uiuc.edu

Iowa State University

Michael Duffy
mduffy@iastate.edu
http://www.econ.iastate.edu/faculty/duffy/landnew.html

Kansas State University

Kevin Dhuyvetter
Professor and Extension Specialist, Farm Management
kcd@ksu.edu

Terry Kastens
Professor and Extension Specialist, Farm Management
tkastens@agecon.ksu.edu

Michigan State University

Stephen Harsh
Professor and Extension Specialist in Agricultural Economics
harsh@msu.edu

Eric Wittenberg
Outreach Specialist
wittenbe@msu.edu

University of Minnesota

Philip Raup
Professor Emeritus
praup@umn.edu

David Bau
Agricultural Business Management, Agricultural Business Management
bauxx003@umn.edu

 

 

 

 

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