Property Tax Increase Concerns Farmers

The Iowa Farm Bureau has predicted that Iowans are looking at an increase of $251 million in property taxes due to Governor Chet Culver’s order for an across-the-board cut in spending.
IFB president, Craig Lang, thinks that the cut in aid for schools, mental health programs and property tax credits will cause a huge increase. Culver insists that schools will use money from cash reserves instead of raising property taxes.
“Although the governor said he will not burden Iowans with a tax hike to balance the budget, that is exactly what he is doing,” Lang told the local media. “The state’s budget default process of leaning on property taxpayers has to stop. Homeowners, farmers and Main Street businesses simply can’t afford a tax increase and a property tax increase is a tax increase,” Lang said.
Inflation fears? Refinance with Farm Plus before farm loan rates rise. Farm loan rates starting at 2.99% with 25 year terms. See our rate sheet here or call, toll free, 866-929-5585.