Farm Tax Effects
Farmers are taxed only on their home, garage and 1-acre of land. Other agricultural land and seasonal properties are not taxed. Based on information available to the District the average acre of agricultural land in Fillmore County is $4500 with a predicted value on $4800 in Mower County.
Tax Example in Fillmore County:
Calculation of Farm Tax Impact
Estimated Market Value*$ 649,900 **This is Value of Farm**
Referendum Market Value $ 113,900 *This item may be zero. Referendum will have no impact on this parcel if this is the case. **This is RMV of Home Garage and 1 Acre
Question 1 Operating Levy Referendum
Existing Existing Plus New Difference
Annual $ -19.32 $ 150.58 $ 131.26
Monthly $ -1.61 $ 12.55 $ 10.94
These are estimated tax impacts. Minor fluctuations may occur.