Congress is trying to pass a property tax cap amendment to the state constitution and The Indiana Farm Bureau is standing strongly against it.
The change to the state’s constitution would lock property tax for homes at one percent and farmland at two percent. However, there is also a three percent tax cap for farm equipment.
The Farm Bureau feel that the amendment does not benefit farm owners and it is unfair that it relieves only one group of tax payers in the state.
Looking to refinance your farm loan before inflation hits? Farm Loan interest rates starting at 2.99% and terms up to 25 years. See our rate sheet or call 866-929-5585 to speak with a representative.