Posted by rrlund on February 07, 2014 at 07:35:23 from (162.250.26.204):
In Reply to: Re: 2014 tax world posted by Bob Bancroft on February 07, 2014 at 07:13:32:
Same here in Michigan. It isn't just ag land. Taxable Value on all property is tied to the Consumer Price Index. Property taxes can only go up by the rate of inflation,not the increase in property value. Only problem with it is that we have what's known as State Equalized Value too. That value is based on actual value of property based on actual sales. The longer you own a parcel,the better the value,so to speak. When a parcel sells,it comes "uncapped" and the sellers State Equalized Value becomes the new owners Taxable Value. In my case for example,I've owned most of this property since it was "capped" in 1994,so a lot of it has an SEV about 5 times what the Taxable Value is,so if I sold it,the new owners Taxable Value would be about 5 times what mine is and their taxes would be 5 times what mine are.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
... [Read Article]
Latest Ad:
2022 John Deere 5045E, 4wd, front end loader and 3rd function with grapple. 120 hrs, 55k new, must sell
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.