News and Tribune

Recent Local News

February 12, 2013

Bill advances to delay state farmland tax hike

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

 

1
Text Only | Photo Reprints
Recent Local News
LOCAL MAGAZINES
2013 Photos of the year


Take a look at our most memorable photos from 2013.

SPECIAL CONTENT
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest Police Arrest Suspect in Highway Shootings Drought Concerns May Hurt Lake Tourism Vermont Goat Meat Gives Refugees Taste of Home Calif. Investigators Re-construct Fatal Bus Cras Mayor Rob Ford Launches Re-election Campaign Appellate Court Hears Okla. Gay Marriage Case
2013 Photos of the year


Take a look at our most memorable photos from 2013.