I raise cattle and enjoy a greatly reduced tax rate. If you want to see the price of beef go sky high and the US become dependent on foreign sources for food, just go messing with the ag exemption.
I agree with you to a point. By receiving the breaks, do you get visits from EPA storm troopers checking you environmental impact?
posted on 03/08/2011 6:35:03 AM PST
"I raise cattle and enjoy a greatly reduced tax rate. If you want to see the price of beef go sky high and the US become dependent on foreign sources for food, just go messing with the ag exemption."
Agreed. If there were no ag property tax break, all ranch and farm lands in Colorado, for one, would be taxed very high. Many would be unused. Property taxes are too high.
On the other hand, if all property taxes were drastically lowered, there would be no need to agricultural property tax breaks in the economy to come (default economy, nonindustrial economy).
Banks generally don't have to pay taxes for properties in foreclosure, BTW, until they sell again. Which...for some properties, will be a long time. Many landowners are even abandoning remote properties to ditch the taxes, properties that won't likely be wanted by anyone else in the current economic environment.
posted on 03/08/2011 10:53:33 AM PST
(cbt. engr. (cbt), NG, '89-' 96, Duncan Hunter or no-vote.)
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