Email Us! Facebook Facebook You Tube Join Now
(309) 663-6497

#FARMLAND TAX BILLS SET TO INCREASE

Farmland owners will soon receive their tax bills in the mail and will most likely notice a slight bump in their assessment of property value. The increase in farmland taxes will be decided by the land’s productivity index. The index determines the quality of the soil. According to the Illinois Farm Bureau, the lowest average index rating in Illinois is 90 and the highest is 125. Currently, farmland with a 90 productivity index rating has a certified value of $74.73 per acre, and land with an index rating of 125 is worth $522.88 per acre, as reported by the Herald & Review.

This entry was posted in Agriculture News. Bookmark the permalink. Both comments and trackbacks are currently closed.