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more recent years. Some think this is good, others are skeptical. Guess it depends somewhat on which end of the stick you are holding. What is the effect upon our living index? Sale value per acre does not increase earning power of the farm; will have influence on availability of credit. Will this increase in sale value influence; the tax base resulting in high- ; er total taxes even though the tax rate may not change? Does this rapid change demand a change in Virginia’s tax structure and laws governing taxation on real property?
We hear talk and read articles about such changes called something like differential taxation; or is it preferential taxation? Anyway it is an approach to taxation based upon land use which may increase speculative buying. Believe the farm bureau is working on this. Whatabout our local farm bureau; could you folks enlighten us? Not just me, others
88.5%