Local State Rep. Dan Swanson bringing attention to the issue of farmland assessments.
All three meetings will be held on Monday, March 2.
8:30-to-10:30 a.m. at Carl Sandburg College in Galesburg
2-to-4 p.m. at the Bureau County Metro Center in Princeton
5:30 to 7:30 p.m. at the Black Hawk East Auditorium in Galva
All farmland owners or farm managers are invited to attend and residency in the three host counties is not required. The purpose of these meetings is to discuss increasing property assessments and adjustments due to flooding. Due, in part, to a change in the Farmland Assessment Act, all farmland assessments will continue to go up. The rate of the increase will depend on soil type. This increase in assessed values will be reflected on the property tax bills payable in 2020 and for several years to come.
Additional information will be provided on the opportunity to receive a flood debasement on those acres that saw crop loss and prevented planting due to last year’s flood. The presentations will be made by Brenda Matherly, Director of Local Government Affairs with the Illinois Farm Bureau, and will give attendees a better understanding on how farmland assessments are calculated and the long-term impact of those values.