2025 Iowa Farmland Study

[LEP]

With our reassessment last year plus mill rate increase our RM taxes went up 80% on the municipal portion year over year.

I made some calls and asked if anyone could run a friggin calculator?

They have 24 million in the bank. It wouldn't have happened if I was still there.

[Old Cowzilla]

Our RM had 1/2 a mil scammed out of there bank account think I know who's paying for that

[farmaholic]

With our reassessment last year plus mill rate increase our RM taxes went up 80% on the municipal portion year over year.

I made some calls and asked if anyone could run a friggin calculator?

They have 24 million in the bank. It wouldn't have happened if I was still there.

That seems to be an excessive prudent reserve.
Depends on the operating budget?

[wheatking16]

Nothing better than INFLATION

But

Google says for Free

Iowa's average Farmland selling price is $ 11,549 an acre shows a modest increase from 2024

SaskatcheWons average iaccording to fcc is less at almost $ 3500 an acre

You missed all the good stuff.

[LEP]

That seems to be an excessive prudent reserve.
Depends on the operating budget?

That's what I said when I got on. Mill rate was the same for 15 years. Kept it there because most of our gravel came from a large pit that was going to run out.

When I came on no outside gravel was bought. Used between 60 and 80,000 yds a year. I said let's buy atleast some to stretch the stockpile and to not go from buying none to buying 80,000.

Apparently they bought 5 years worth to lock in a good price. Again I said that is what you use the cash in the bank for.

I was on council 6 years and did the budget for 5 years through 2 reassessment periods and was able to replace equipment but not raise the levy.

Then this happens.