Subdivision lands-assessments.

05LSO-0359.L1

                                                         

FISCAL NOTE

 

The fiscal impact, in the form of revenue decrease to counties, is indeterminable.

 

An indeterminate number of non-agricultural parcels could qualify for reclassification to agricultural land under the proposed legislation.  Since the "agricultural value" of such lands is generally much less than the market value of such lands, significant value reduction can be contemplated for such reclassified parcels.  Since it is currently not possible to estimate the number of parcels that would qualify, and what the difference in value would be for such qualifying parcels, quantifying the loss in value is not possible at this time.

 

 

 

 

 

 

 

 

Prepared by:   Wade Hall, Dept. of Revenue      Phone:   777-5235