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Productivity assessment curbs farm taxes

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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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