EVALUATION OF FARMLAND USE-VALUE ASSESSMENT IN NEW YORK

This paper examines agricultural use-value legislation in light of statewide reassessment in New York. Historically, farm real estate has been underassessed relative to other classes of property. Thus, statewide reassessment at full value would significantly increase farmland property taxes. These increases could be more than offset by widespread application of use-value assessment. In 1979, the tax reductions, when compared with full-value assessment, would be about $8 per acre. The tax bases of some rural communities may be reduced significantly by use-value assessment.


Issue Date:
1980-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/159452
Published in:
Journal of the Northeastern Agricultural Economics Council, Volume 09, Number 1
Journal of the Northeastern Agricultural Economics Council
Page range:
17-22
Total Pages:
6




 Record created 2017-04-01, last modified 2017-08-27

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