44
—-Lancaster Farmim
)C' ]04
Farm Realty Tax
Rise Slowed in ‘7l
State and local taxes on farm
real estate edged up in 1971 for
the 29th year m a row but the
percentage gain was the least
since 1904
In its latest report on farm real
(•stale taxes EHS said taxes
levied on land and buildings
came to nearly $2 7 billion in 1971,
or (! 4 percent more than a year
earlier
The effective rate of lax rose to
$1 21 per $lOO of value from 1970’s
$1 1» Taxes per acre of far
inland averaged $2 til for the 50
States in )971-np 16c
IVr acre taxes advanced in 45
S(.i(es with the sharpest in
creases in Washington (18 per
cent)
Taxes went down in five States
The drop in Minnesota reflects a
P. L. ROHRER & BRO., INC.
Smoketown, Pa.
Saturday. March 24, 1973
CHANGES IN TAXES LEVIED ON FARM REAL ESTATE
new law enabling the State to
lake over a larger share of school
operating costs and cut local
school (axes In lowa assessment
procedures were updated and a
property tax-relief plan in
stituted
Louisiana’s decrease was
apparently due to the
replacement of the Statewide
property tax with a tax on natural
gas production In Alaska the
decline probably reflects the
application of a 1967 law
providing for special assessment
of farmland, and growth of a
State revenue sharing program
to local governments begun in
l%!)
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