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(Continued from Page 1) scrutiny in the years to come.
Otto Fraher, State
£ Department of Taxation ' Supervisor for appraising, told the audience that there was no “simple rule of thumb” for estimating the percentage of tax revenue lost by approval of an agricultural district without an indepth study of the particular locality. He noted that it would be impossible to know exactly how many landowners inside the district would apply for use value taxation.
Assistant Attorney General Mason T. Jacks noted that a long reaching implication of the Ag District Act would be its effect on emminent domain. In a district, the local governing body has the power to veto the acquisition of property by emminent domain, even if exercised by state agencies, according to Jacks.
Roll Back Taxes
He added that “another serious implication” of the Act is that it includes no guarantee that a landowner can get out of a district, once he has joined. Once a landowner has sought to get in and accepted the benefits, “there’s no automatic way to get out except by inheritance,” he said.
If a landowner wants out, his request must first be reviewed by the governing body to determine if he has “good and reasonable” cause to withdraw and if withdrawal is approved, the farmer is subject to rollback taxes for a maximum period of five years. He must pay the difference between use value taxation and taxes based on fair market value.
After presentations from the panel, the meeting was opened to questions from an audience heavy with representatives from local government in the Planning
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