Land Use Value Appraisal

Property tax on Kansas farmland has been a hot topic recently. Perhaps it is time to review why use-value appraisal is appropriate. There are some very legitimate reasons why the Kansas constitution was changed in 1986 to value agricultural land for property tax purposes based on its income-producing ability rather than its market value. Land has traditionally been regarded as a store of value and a safe haven for capital in uncertain economic times.

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The Budget Dilemma

Kansas faces a very serious budget deficit, not only for the present fiscal year but also for the next two years. Governor Brownback has proposed a solution which would address the immediate problem for this fiscal year. The final details of that plan are still not completely understood but one thing is certain: nearly everyone hates what is now known about the plan. But it seems no one has a better solution. Now the state is rapidly approaching a serious cash flow crunch and decision time is nearly upon us.

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