A $3,500 increase in property taxes on just one tract of land this spring made Tom Chalfant’s eyes pop.
“It’s where we have our fertilizer dike and also our solar installation,” the Redkey, Ind., farmer said. “That’s what got my attention.”
He wasn’t the only one to notice those property tax hikes this year. Those increases were the result of recent legislation changes that remove exemptions for certain farm structures like containment dikes and on-farm solar panels.
A compromise
Pulling those deductions is part of a larger tax reform plan, explained Ryan Hoff, senior director of government affairs at Indiana Farm Bureau…