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Here in Illinois all farmland is assigned a productivity index that is independently calculated by the agriculture department at UIUC using soil surveys. The l
by stockresearcher 1y ago
Here in Illinois all farmland is assigned a productivity index that is independently calculated by the agriculture department at UIUC using soil surveys. The land also gets a flood debasement index using flood records and crop loss claims.
The most productive farmland gets taxed at rates at least 4x higher than poor farmland. And really poor farmland gets taxed as if it were nearly worthless.
https://tax.illinois.gov/localgovernments/property/farmland.html https://tax.illinois.gov/localgovernments/property/farmland....