Morning Ag Clips logo
  • Subscribe ❯
  • PORTAL ❯
  • LOGIN ❯
  • By Keyword
  • By topic
  • By state
  • Home
  • Events
  • Jobs
  • Store
  • Advertise
  • Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Subscribe to our
    daily email
    ❯
  • Portal Registration❯
  • Login❯
  • policy
  • tractors & machinery
  • education
  • conservation
  • webinars
  • business
  • dairy
  • cattle
  • poultry
  • swine
  • corn
  • soybeans
  • organic
  • specialty crops
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Morning Ag Clips

  • By Keyword
  • By topic
  • By state
  • policy
  • tractors & machinery
  • education
  • conservation
  • webinars
  • business
  • dairy
  • cattle
  • poultry
  • swine
  • corn
  • soybeans
  • organic
  • specialty crops
  • Home
  • Events
  • Jobs
  • Store
  • Advertise
Home » Officials call for property tax relief
TAX RELIEF ... Comments

Officials call for property tax relief

74,000 Minnesota farmers could see relief under Dayton-Smith Tax Bill

PUBLISHED ON January 10, 2017

“I pledge to work with legislators on both sides of the aisle to keep more money in the pockets of Minnesota farmers this year, to grow opportunities for farmers, families, and communities across our state," said Lt. Governor Tina Smith.

ST. PAUL, Minn. — Lt. Governor Tina Smith and State Rep. Paul Marquart today called on the Minnesota Legislature to pass property tax relief for Minnesota farmers this Legislative Session. This property tax relief, proposed by Rep. Marquart during the 2016 Legislative Session, is included in Governor Dayton and Lt. Governor Smith’s 2017 Tax Bill. If passed, up to 74,000 Minnesota farmers, plus additional agricultural landowners, could see relief.

“Right now, farmers in Minnesota face low commodity prices and high land values, while their property taxes have gone up more than 100 percent in the last 10 years,” said Lt. Governor Tina Smith. “I pledge to work with legislators on both sides of the aisle to keep more money in the pockets of Minnesota farmers this year, to grow opportunities for farmers, families, and communities across our state.”

Over the last ten years, property taxes for Minnesota farmers have increased by 114 percent. This problem has been compounded by low commodity prices and rising agricultural land values. To help relieve property tax burdens on Minnesota farmers, Governor Dayton and Lt. Governor Smith have proposed investing $34 million into tax relief for owners of agricultural property.

“Ensuring that property taxes are fair and affordable in is vital to making our rural economies competitive and our communities livable,” said Rep. Paul Marquart. “During this legislative session we must commit to keeping property taxes in check through local government aid and property tax relief. By doing so we’ll keep and attract homeowners, businesses and farmers to rural Minnesota.”

This tax credit would be available to all individual farm owners in Minnesota who pay property taxes for school district debt levies. For those farmers, the tax credit would reduce their taxes from those levies by 40 percent. For the 74,000 Minnesota farmers who live on their land, that would mean average relief of $243 on their annual property tax bill. Additional agricultural landowners would also see relief under the Dayton-Smith Tax Bill.

About Governor Dayton and Lt. Governor Smith’s Tax Bill
Governor Mark Dayton and Lt. Governor Tina Smith have proposed a 2017 Tax Bill, which would provide $300 million in tax cuts for more than 450,000 Minnesotans and in aid payments to local governments for essential services, while protecting the state’s long-term fiscal health. The Dayton-Smith Tax Bill also would reduce taxes for Minnesota farmers and landowners to help build an economy that works for everyone, everywhere in Minnesota. And their proposal would eliminate tax loopholes for corporations – leveling the playing field for businesses.

For more information on the Dayton-Smith 2017 Tax Bill, click here.

— Office of Governor Mark Dayton & Lt. Governor Tina Smith

For more news from Minnesota, click here.

Click Here to find out more about your favorite topics

finance

Spread the word

Browse More Clips

The Sustainable Farming Association's innovative Midwest Soil Health Summit, set for Feb. 15-16, 2017, at Bigwood Event Center in Fergus Falls, Minn., features soil health experts and farm leaders for two days of advanced soil health training and farmer networking. (Courtesy of Sustainable Farming Association)

SFA Midwest Soil Health Summit Feb. 15-16

Manage risk, ensure value

Primary Sidebar

MORE

MINNESOTA CLIPS

Demand for U.S. beef rebounding in Middle East post-pandemic
May 16, 2022
Dairy Girl Network announces 4th Annual Forward TogetHER Conference
May 16, 2022
World Dairy Expo seeks media interns for 2022 event
May 16, 2022
Prepare for summer with this week’s Dairy Signals
May 15, 2022
Mexican market reopens to U.S. potatoes
May 15, 2022
  • Trending
  • Latest

YOU MIGHT ALSO LIKE...

Five Critical Estate Planning Documents, June 9th
May 15, 2022
AFBF: Inflation expected to burden economy for several years
May 15, 2022
Two record keeping workshops offered in Rushville
May 12, 2022
Golden State Farm Credit gives $60,000 to support youth in Junior Livestock Auctions
May 12, 2022
New resource guide aims to boost economic development in rural communities
May 12, 2022

Footer

MORNING AG CLIPS

  • Sponsors
  • About Us
  • Advertise with Us
  • Privacy Statement
  • Terms of Service
  • Customer & Technical Support

CONNECT WITH US

  • Like Us on Facebook
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube

TRACK YOUR TRADE

  • Markets & Economy
  • Cattle Updates
  • Dairy News
  • Policy & Politics
  • Corn Alerts

QUICK LINKS

  • Account
  • Portal Membership
  • Invite Your Friends
  • Subscribe to RSS
  • WeatherTrends
  • Just Me, Kate

© 2022 Morning Ag Clips, LLC. All Rights Reserved.