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State Tax Commission votes against raising taxes on agriculture land
By Kaitlyn SchallhornJEFFERSON CITY, Mo. — The three-member Missouri State Tax Commission (STC) approved agriculture land productive values remaining stagnant for 2021-2022, meaning it will not recommend a property tax increase.
State statute mandates the commission establish the productivity values of agriculture land every two years which could result in a property tax increase on agriculture land. A proposed increase by the STC is subject to legislative approval.
But commissioners unanimously voted against raising the land productivity values Tuesday.
Commissioner Victor Callahan said certain problems farmers have faced in recent years — such as flooding and a trade war with China — were not necessarily reflected in the University of Missouri study the STC used in its decision making but weighed heavily for him.
Read more: https://themissouritimes.com/66864/state-tax-commission-votes-against-raising-taxes-on-agriculture-land/