Posts filed under 'Taxes'

Golf Courses Seek Reclassification as Farmland

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?

3 comments October 16th, 2008


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