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Of the 266 farmers in Rappahannock listed in the census of agriculture released in June, 1980, 135 make a living in something else, Luke pointed out. He maintained that elimination of taxes on farm machinery and livestock for these 266 farmers, nine per cent of the county’s taxpayers, will cause tax bills of Rappahannock’s 2,764 non-farming taxpayers to increase $80 on the average.
According to the supervisor chairman, 50 per cent of the county’s property owners will be eligible for land use if a local ordinance is adopted. The tax shift that will result from adoption of land use is impossible to estimate, he said, because no one can predict how many of those eligible will actually apply.
Fred Schaefer asked how deferred, taxes under use value will affect the house and lot owner’s annual tax bill and requested examples of before and after use value tax bills from other counties.
Col. James White recommended that the supervisors reconsider their earlier decision to drop taxes on farm machinery, livestock and household goods and evaluate the county’s tax picture as a total package with land use.
Why Tax Machinery?
Supervisor Dick Latham asked for the rational in levying taxes on farm machinery in the first place when an individual can have $50,000 in bonds in a safe deposit box and not pay any local taxes on those assets.
White responded that federal taxes are paid on the bonds.
94.1%