Then they are either dumb, or have old money to waste. I've given the links and the numbers time and again. The profit off of 35 acres (that was your initial post) at $10k/acre the pay back is 5 decades to break even. after paying costs and supplies, they're going to make less than $200/ac per...
I am mistaken. I was under the impression farmland was at the 1% rate, instead it's at the 2% like a rental property. So at $1900 value per acre that would be $10,336 per year on 272 acres. I see there are some discounts but I haven't found how much.
Regardless, the premise that farmers aren't...
Here's the math:
Average farm acreage in Indiana 272acres.
Current tax rate 1.18% (depends on county) Believe me the guys around us would LOVE to only pay .12% property tax.
Current assessment per acre $1900 (going to $2280 next january).
272 X $1900 = $6100 per year in property taxes. ($7300...
OK, I am going to go back to the beginning on this one. Highlighted. No one pays $350k for 35 acres to farm. Why? Because at the current rate of income that 35 acres will generate it will take 53 years to pay for itself before it even begins to turn a profit. More if you include property...
I don't know where you're getting "nearly nothing". They're still paying the county/township rate at $2280/ acre. Most township rates are over 1.1%.
Small farmers also don't develop hybrid seeds, most aren't buying new equipment, but usually used equipment that isn't as bad as what they had...
and urban sprawl/industrialization. The developers around us are offering $80-90k per acre for farmland to build $million+ warehouses. As a farmer, you can't compete with that. you have 80 acres that they offer you $80k per acre for what are you going to do? Take the $6.4M or try to keep farming...
I don't know where you're going, but get away from the city and burbs and that land is not $15k per acre. Not to mention, I already ran those numbers for you above. Putting it at an inflated rate WILL run farmers out of business.
EDIT: to use your made up number, that would make the average...
Proposal.... all EV charging stations pay a tax similar to our gas tax. Put school taxes onto the lottery taxes and sales tax. Take away the sales taxes for stadiums and professional sports franchises and apply that to schools. Police and fire aren't being paid out of rural taxes already, so...
not to belabor the point any more ... but the average farm size in Indiana is 272 acres. That means their assessed value in 2022 was $350k. For 2025 that will now be $620k. The lowest tax rate for ag exempt in boone county is 1.18%, so in 2022 they paid $4130 in property taxes. For 2025 they...
And if you think farmland isn't taking a big hit on property taxes too, you're delusional. Purdue shows that since 2022 their base rate has almost doubled. 2022 was $1290, 23 was $1500, 24 to $1900 and for 2025 that will now be $2280. That's a 77% increase in 3 years.
We did about 11 years ago. That's what the other 90 acres sold for in Putnam county, and what it STILL goes for. Property being overtaken by suburbs and warehouses are artificially inflated intentionally to run out the smaller farmers.
You make the farmer pay $18k per year just to keep the...
Not making excuses, pointing out issues with just doing away with it completely. But in your warped mind, if we don't agree with you we are for taxes and kicking old people to the curb or some other bs strawman you concoct. You cannot discuss this as a reasonable adult so maybe you should step out.
Stop. Please, just stop. Literally everyone has said property taxes are ******** and need to go, but we also need to figure out how to cover those programs that are covered by it. NOT A SINGLE *** **** PERSON is "lining up to support the current program". Not. A. Single. One. So take that...
oh liberal pieces of **** like this sleep better knowing they got one more patriot off the streets and are one step closer to the control they so desire.
so what you're telling me is hte gov owns the land, pays the peopel to produce it, provides the shipping, the processing and the final selling of the product? I would love to see some evidence of this because if that were true our .gov would have to employ 2/3 of the country.
They only way you're going to be able to raise a companies tax burden and not allow that to be passed onto the consumer would require a gov't take over of the industry with strict price caps. Considering gov't is what got us into this mess to start with, I don't believe giving them control over...