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News Brief

2009-12-22Bethany, MO |  By: Wayman

Guernsey Farm Taxes

Last week the State Tax Commission proposed raising the productive value of Missouri's best ground, which is used to calculate property taxes.

The plan also calls for lowering the value of less desirable land.

But Representative Casey Guernsey (gurn-see) of Bethany says in many cases re-evaluation will mean higher taxes for farmers at a time when they can least afford it.

And he says those costs will be passed to consumers.

The State Tax Commission chair argues land values need to be updated, as they haven't changed since 1995 even though producers are earning more from their land because of higher crop prices.