Farmland
New law brings farmland assessment changes
By HANNAH SPANGLER FarmWeek • Farmland values could level off and eventually decline under changes to the state’s Farmland Assessment Act included in the budget package signed June 16 by Gov. JB Pritzker. Public Act 104-0468 extends the vegetative filter strip assessment, adjusts the income capitalization rate and makes other technical updates to the Farmland…
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