Golf Courses Seek Reclassification as Farmland
October 16th, 2008
Indiana golf course owners plan on asking the Legislature to classify their businesses as agricultural, rather than commercial property.
Under the new property tax cap system, agricultural land receives a 2% cap, while commercial land receives a higher 3% cap.
If successful in their efforts, golf courses stand to save on their property tax bills. One local course estimates a potential $14,000 savings. However, St. Joseph County estimates the change could cost the county around $100,000.
WSBT-TV: Should golf courses be considered farmland?
Entry Filed under: Agriculture, Taxes
14 Comments Add your own
1. RD Fan | October 16th, 2008 at
Ryan is awesome. ‘Nuff said.
2. Jeff Berg | October 3rd, 2010 at
to put a golf course into the same classification as a farm is really reaching for the sky….property taxes are an issue for everyone. and what is more an issue to me is the method in which the taxable valuation is reached.
3. fix credit&hellip | November 11th, 2010 at
fix credit
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