Senate leader expects proposed farmland tax value increase to fail

The leader of the Missouri Senate Agriculture Committee expects his chamber to follow the Missouri House’s lead and block a proposed increase in property tax values for farmland.

The State Tax Commission has proposed increasing the value of the state’s most productive farmland by about 5 percent. But Bryan Sen. Brian Munzlinger, R-Williamstown, who serves as chairman of the Senate Agriculture Committee, said the timing isn’t right for an increase due to floods and other factors that took a toll on Missouri farms in 2015.

The House voted last week to reject a proposed increase. The value was raised last year for the first time since 1995.

Read more: Missourinet


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