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| Title: | FINANCING FARMLAND PRESERVATION: THE TWIN CITIES METROPOLITAN AREA EXPERIENCE |
| Authors: | Greden, Leah R.
Taff, Steven J. |
| Authors (Email): | Taff, Steven J. (sjtaff@umn.edu) |
| Issue Date: | 1994 |
| Series/Report no.: | Staff Paper P94-09 |
| Abstract: | Two farmland protection programs in the Twin Cities (Minnesota) Metropolitan Area--Green Acres and Agricultural Preserves-- together enrolled 608,331 acres in 1992. The principal financing tool was a provision common to both programs under which participating landowners paid reduced property taxes in exchange for certain non- development assurances. The resulting shift in property tax obligations to other taxpayers amounted to $7.6 million for the 1993 tax year, an average shift of $12.50 per enrolled acre. Annual per- acre tax reductions across localities ranged from zero to $933. |
| URI: | http://purl.umn.edu/13413 |
| Institution/Association: | University of Minnesota>Department of Applied Economics>Staff Papers |
| Total Pages: | 46 |
| Language: | English |
| Collections: | Staff Papers
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