Indiana Lawmakers Debate Farmland Tax Proposal

Lawmakers are grappling with a proposed reconfiguration of farmland property tax calculations, a priority for Indiana's newly inaugurated Governor Mike Braun. The proposal aims to reduce the tax burden for farmers, who have seen a 63% increase in base rates over the past three years, amidst a declining agricultural economy. Representative Kendell Culp highlighted that under the proposal, farmers could pay $33.2 million less in 2027 and $34 million less in 2028, but concerns were raised about the potential impact on public services and shifting the tax burden to other groups. Meanwhile, in North Carolina, counties are preparing for property revaluations, which occur every eight years to ensure fair tax contributions for community services. Johnston County's tax office plans to provide detailed information on property values, particularly for larger land parcels used for farming or forestry. Local officials emphasize the importance of these evaluations in maintaining equitable taxation across all property owners.