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The clipping this text was read from
The clipping this text was read from

first suggested by Fred Forberg from the property tax division of the State Department of Taxation.

Forberg warned that property taxes based for the first time next year on 100 per cent fair market value assessment will shift the county’s tax burden from equal sharing between houses and land onto primarily land unless use value taxation is also adopted.

Under use value taxation, land is assessed at its use rather than its potential market value. For instance. 200 acres planted in corn would be assessed at its

90.7%