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AG REAL PROPERTY TAX COMPARISON <br /> Example Comparison of the Different Ag Real Property Tax Methods <br /> Parcel used in the comparison is a 100 acre ag zoned parcel, 40 Acres diversified; 10 Acres Unusable/Waste; 30 <br /> Area Fair Market Tax Total Tax <br /> Land Use Discount <br /> (Ac) Value ($/Ac) Rate Liability <br /> 2005-2006 Proposed (Task Farce) <br /> Assessed Value @ $35,000 per Acre <br /> 40 Diversified Agriculture $ 35,000.00 $ 3.75 $ 5,250.00 <br /> 30 Pasture $ 35,000.00 $ 3.75 $ 3,937.50 <br /> 10 Unusable/Waste $ 35,000.00 $ 3.75 $ 1,312.50 <br /> 20 Vacant $ 35,000.00 $ 3.75 $ 2,625.00 <br /> 100 $ 13,125.00 <br /> 40 Agriculture $ 35,000.00 5 00% $ 3.75 $ 262.50 <br /> 30 Pasture $ 35,000.00 1.00% $ 3.75 $ 39.38 <br /> 10 Unusable/Waste $ 35,000.00 5.00% $ 3.75 $ 65.63 <br /> 20 Vacant $ 35,000.00 $ 3.75 $ 2,625.00 <br /> 100 $ 2,992.50 <br /> 40 Agriculture $ 35,000.00 3.00% $ 3.75 $ 157.50 <br /> 30 Pasture $ 35,000.00 1.00% $ 3.75 $ 39.38 <br /> 10 Unusable/Waste $ 35,000.00 3.00% $ 3.75 $ 39.38 <br /> 20 Vacant $ 35,000.00 $ 3.75 $ 2,625.00 <br /> 100 $ 2,881.25 <br /> vtt5t'-~~~ <br /> 40 Agriculture $ 35,000.00 1.00% $ 3.75 $ 52.50 <br /> 30 Pasture $ 35,000.00 1.00% $ 3.75 $ 39.38 <br /> 10 Unusable/Waste $ 35,000.00 1.00% $ 3.75 $ 13.13 <br /> 20 Vacant $ 35,000.00 50.00% $ 3.75 $ 1,312.50 <br /> 100 $ 1,417.50 <br /> Ag Production "Cap" on Real Property Tax <br /> <br /> Assessed Value @ $250,000 per Acre ~ . <br /> 40 Agriculture $ 250,000.00 2.40% $ 3.75 $ 900.00 <br /> 30 Pasture $ 250,000.00 1.00% $ 3.75 $ 281.25 <br /> 10 Unusable/Waste $ 250,000.00 2.40% $ 3.75 $ 225.00 <br /> 20 Vacant $ 250,000.00 $ 3.75 $ 18,750.00 <br /> 100 $ 20,156.25 <br /> 40 Agriculture $ 250,000.00 2.40% $ 3.75 $ 900.00 <br /> <br />