Impact of New Procedures for Estimating Agricultural Use Values in New York

This paper examines the implications of New York's new procedures for determining agricultural values for use-value assessment purposes. It has been argued that use values based on comparable sales, regardless of efforts to confine the data to farm-to-farm sales, still contained some speculative influences, which in turn, inflated use-value estimates in an urban state like New York. Interestingly, this paper shows that the Legislature's remedy -- use-value estimates based on capitalized net returns to land -- is likely to bring with it rather substantial increases in use values estimated for much of the State's cropland base.

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Journal Article
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Journal of the Northeastern Agricultural Economics Council, Volume 10, Number 2
Journal of the Northeastern Agricultural Economics Council
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 Record created 2017-04-01, last modified 2018-01-22

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