Panel Wants Information On Cropland Taxable Value
November 8, 2010, 4:47 PM
PIERRE, SD -
A South Dakota task force wants to know whether the taxable value of cropland is likely to increase too much under a new system for determining the value of agricultural land for property tax purposes.
The taxable value of agricultural land used to be set based on the selling price of comparable land. The new system bases the taxable value of cropland and grassland on their ability to produce income.
A task force overseeing the new system has voted to have the state Revenue Department perform additional calculations to see if the formula now used will cause an excessive increase in the taxable value of cropland. Task force members point out that an increase in taxable value can be offset by a decrease in the levies, or tax rates applied to that value.
© 2010 Associated Press. All rights reserved. Material may not be redistributed.
3/5/2014 9:55 PM
The kids were ready to start class with a substitute teacher, but then she left the room, and things went horribly wrong.
3/7/2014 10:01 AM
Yankton Police Chief Brian Paulsen says authorities caught up with Joshua Charles Hudson Friday morning.
3/4/2014 11:59 AM
A 22-year-old Sioux Falls man who admitted to texting and driving and killing a motorcyclist in the summer of 2012 will be sentenced Tuesday afternoon...
3/5/2014 5:42 PM
Parents are shocked at what allegedly happened inside an art class in Redfield after a teenager is left in charge.
3/7/2014 12:05 PM
State officials say one-year-old Adryan Jones died on Wednesday from injuries received in a two-vehicle crash Monday, February 24.