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Differential Assessment of Farmland on the Rural‐Urban Fringe
Author(s) -
Hady Thomas F.
Publication year - 1970
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238159
Subject(s) - differential (mechanical device) , estate , state (computer science) , economics , tax policy , real estate , public economics , business , natural resource economics , law and economics , finance , tax reform , mathematics , algorithm , engineering , aerospace engineering
Abstract Urban pressures on farm real estate taxes have led, in the last decade, to adoption of differential assessment of farmland in at least 16 states. Broadly speaking, the laws fall into three categories: Preferential assessment, deferred taxation, and restrictive agreements. The laws are analyzed both from the standpoint of tax policy and from the standpoint of development policy. In neither case is it possible, given the present state of knowledge, to conclude firmly that the laws are desirable or undesirable. The analysis does, however, suggest a number of potential problems which should be analyzed before decisions are made.