Productivity assessment curbs farm taxes
Ballooning land and commodity prices will have only a nominal impact on property taxes.
The outrageous land prices, as much as $5,000 an acre in the Red River Valley, would have been catastrophic for farmers had the state not changed from a market to a productivity assessing system in 1980. A property tax based on market value of farm land would be disastrous, considering the wild prices being paid.
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