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You can expect to see real property tax relief within next few yearsYou can expect to see real property tax relief within next few years

Bill passed by Indiana General Assembly will give farmers a true break for the future.

Tom Bechman 1

March 22, 2016

2 Min Read

An older commercial for an antacid product, Rolaids, asked how do you spell relief? Katrina Hall says farmers now have their own version of property tax relief. It didn’t come in the form of a tablet, but instead thanks to legislation farmers pushed for from the Indiana General Assembly.

“Senate Bill 308 that eventually passed offers a lot of relief on farmland property taxes,” says Hall, head of legislative services for Indiana Farm Bureau, Inc. “We were successful with our members help in getting relief over the past couple of years, but that was more in terms of holding the line on property taxes on farmland so that it didn’t go up more.


“Some people had trouble visualizing how much relief they were actually getting because their bills were still high. This time they will see actual lower tax bills going into the future.”

Related: Proof that farmers needed real property tax relief

The decline in property tax value on Indiana farmland will be gradual over the next few years. However, it will be a real decline, not just a freeze of values where they are today.

Assessed value for average farmland for this year is $2,050 per acre, Hall says. It would have been higher, and higher for next year yet, if not for the action of the Indiana General Assembly in 2015. Now comes the real relief. “We’re going to see the amount due per acre go down over the next six to seven years,” Hall says. In fact, by 2022, she estimates the property tax for farmland will be based on an average assessed valuation of $1,430 per acre. Anyway you spell it, that’s real relief.

“We couldn’t be happier about what the Indiana General Assembly did to provide real property tax relief for farmers this time,” she says. Farmers will soon be able to see their bills going down in real terms, and not just holding steady instead of climbing higher. That’s a huge achievement, she concludes.

You can expect to see real property tax relief within next few years

MAKING A DIFFERENCE: This chart shows how SB 308 will push property values down by 2022.

About the Author(s)

Tom Bechman 1

Editor, Indiana Prairie Farm

Tom Bechman is an important cog in the Farm Progress machinery. In addition to serving as editor of Indiana Prairie Farmer, Tom is nationally known for his coverage of Midwest agronomy, conservation, no-till farming, farm management, farm safety, high-tech farming and personal property tax relief. His byline appears monthly in many of the 18 state and regional farm magazines published by Farm Progress.

"I consider it my responsibility and opportunity as a farm magazine editor to supply useful information that will help today's farm families survive and thrive," the veteran editor says.

Tom graduated from Whiteland (Ind.) High School, earned his B.S. in animal science and agricultural education from Purdue University in 1975 and an M.S. in dairy nutrition two years later. He first joined the magazine as a field editor in 1981 after four years as a vocational agriculture teacher.

Tom enjoys interacting with farm families, university specialists and industry leaders, gathering and sifting through loads of information available in agriculture today. "Whenever I find a new idea or a new thought that could either improve someone's life or their income, I consider it a personal challenge to discover how to present it in the most useful form, " he says.

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