Legislature backs delay for Ind. farmland tax hike

By: The Associated Press
By: The Associated Press

New calculations for property taxes on Indiana farmland would be delayed for a year under a proposal approved by the state Legislature.

The Indiana House voted unanimously Monday in favor of the delay that the Senate approved last month.

The bill would stop the state from using updated soil quality figures that were projected to lead to an average 25 percent increase in tax payments for farm owners.

Supporters of the delay say that the new calculations could lead to $57 million in property taxes being shifted to farmland.

The bill requires state tax officials and Purdue University agriculture researchers to prepare a review of the soil productivity measurement for the Legislature to consider next year.

The measure now goes to Gov. Mike Pence for his consideration.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WNDU - Channel 16 54516 State Road 933 South Bend, IN 46637 Front Desk: 574-284-3000 Newsroom: 574-284-3016 Email: newscenter16@wndu.com
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 191790491 - wndu.com/a?a=191790491