State Rep. Dan Swanson is partnering with the Knox, Bureau and Henry County Farm Bureaus to host a farmland assessment meeting in each of the three counties.
The purpose of these meetings is to discuss increasing property assessments and adjustments due to flooding. The meetings will be held on Monday, March 2, at the following times and locations:
• 8:30 to 10:30 a.m. at Carl Sandburg College, 2400 Tom L. Wilson Blvd., Galesburg.
• 2 to 4 p.m. at the Bureau County Metro Center, 837 Park Ave. West, Princeton.
• 5:30 to 7:30 p.m. at Black Hawk East Auditorium, 26230 Black Hawk Road, Galva.
Due, in part, to a change in the Farmland Assessment Act, all farmland assessments will continue to go up. The rate of increase will be largely dependent on the soil type. Poorer soils will continue to see higher than 10 percent increases while better producing soils can expect an increase of less than 10 percent.
This increase in assessed values will be reflected on property tax bills payable in 2020 and for several years to come.
Additional information will be provided on the opportunity to receive a flood debasement on those acres that saw crop loss and prevented plant due last year’s flooding.
The presentations, given by Brenda Matherly, director of Local Government with the Illinois Farm Bureau, will give participants a better understanding on how farmland assessments are calculated and the long-term impact on those values.
To accommodate seating and materials, preregister with the Knox County Farm Bureau at 309-342-2036, Bureau County Farm Bureau at 815-875-6468 or Henry County Farm Bureau at 309-937-2411.
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