Agricultural property taxation.

11LSO-0129.L3

FISCAL NOTE

	FY 2012	FY 2013	FY 2014
NON-ADMINISTRATIVE IMPACT
Anticipated Revenue (Decrease):
AD VALOREM TAX	0	(56,000)	(56,000)
SCHOOL FOUNDATION FUND	0	(12,000)	(12,000)

Source of revenue decrease:

Reduction of assessed value and corresponding property tax resulting from qualification of property used for outfitting or dude ranch operations as agricultural land

Assumptions:

The Department of Revenue surveyed local counties and found that only one county (Fremont county) had properties that were classified as non-agricultural because of guiding or dude ranch operations.  All other counties reported that the outfitters and dude ranches qualified for agriculture classification through their other operations. 

The above estimate is based on an average mill levy of 69 mills.

This bill would be effective on January 1, 2012, which would impact property taxes beginning in FY 2013.

Prepared by:   Dean Temte, LSO    Phone: 777-7881

(Information provided by Marvin Applequist, Dept. of Rev.; 777-5235)