Senate Enrolled Act 319 prevents an estimated $57 million property tax increase on farmers by delaying the use of new soil productivity factors in farmland assessment until the Department of Local Government Finance and the Purdue University College of Agriculture complete a study on the process.
The legislation passed unanimously in both the Indiana House and Senate.
The proposed new soil productivity factors used for farmland assessment in Indiana could have caused an estimated 25 percent average increase in property tax payments for Indiana’s farmers, depending on the county in which they live.
