The Indiana General Assembly revised the farmland assessment formula during its 2016 session. Let's figure out what that might do to farmland assessments and property taxes.
I had the opportunity to speak to a meeting of the International Association of Assessing Officers in Indianapolis last fall. That's a group that does education and research about property tax assessment, and they're a big help to assessing officials around the world. Mostly, I talked about farm land assessment in Indiana, but I mentioned some of our other property tax policies, too.
How should Indiana assess farmland for property taxes? Good question. There's the way we used to do it, the way we do it now and, if new legislation passes, the way we'll do it in the future.
Tax preparation time usually brings with it questions about what is deductible, how do I report this income, and what can I do to save on my taxes in the future. Fortunately for woodland owners, there are several excellent resources available to help you find some guidance.
The majority of the 41.5 million chickens and 10.5 million pigs sold each year in Indiana are raised in confined feeding operations (CFOs). About 2,000 CFOs are currently operating in Indiana, and the farms are regulated by standards set by the Indiana Department of Environmental Management (IDEM).
After two months of unusually warm conditions throughout Indiana, state climatologists based at Purdue University believe temperatures will slowly return to seasonal norms over the next month, which is good news for fruit growers and home gardeners concerned that their plants might be emerging too quickly.
Farmers and farm workers seeking to comply with the 2017 Worker Protection Standard updates can get helpful information from the Office of Indiana State Chemist and Purdue Pesticide Programs.