Land that is used for farming operations which means the raising, production, and sale of agricultural products (i.e., crop, hay, pasture, tree, sod), horticulture (cultivation of plants such as green house), aviculture (raising birds), apiculture (raising bees), and aquaculture (farming fish) is assessed at a regulated value. The 2010 base rate for the agricultural use value of farmland is set at $350 per acre for dry arable or pasture land and is adjusted downwards for any factors that hinder productivity (i.e., type of soil, depth of top soil, texture of the soil’s surface and subsurface, topography, stones, any other productivity hindrance).
A commerce or industrial activity occurring on the property including land, buildings, and structures (i.e., stores, mechanical repair, golf courses, gravel pits, land and structures situated at industrial plants excluding machinery and equipment) is assessed at market value. Linear property, a subcategory of non-residential, includes cable distribution (television), electric transmission lines, telecommunication equipment, pipelines, oil, and gas wells, is assessed at a regulated value.
Machinery and Equipment
Any installation used in the processing or manufacturing of a product (i.e., separators or dehydrators or compressors at gas and oilfield installations, certain components at the large grain elevators) is assessed at a regulated value.
Typically, a residence or use of property that has not been classed as any of the above. The assessment for residential parcel’s less than or equal to three acres represents the average market value for land and improvements (any building(s), structure(s)). For parcels greater than three acres, the assessment includes a minimum of three acres and the residential improvements assessed at market value and any remaining land is assessed at market value unless deemed farmland.
Assessment & Taxation Documents
2019 Taxation Year
2018 Taxation Year
2017 Taxation Year