From the Logansport Pharos-Tribune:
Residents opposed to Logansport’s annexation plans say they still have concerns after the recent passing of an amendment in the Indiana General Assembly restoring a 10-year municipal tax exemption for agricultural land annexed into cities.
This piece of legislation has been a concern of Logansport City officials, as the city council has voted in favor of annexing two bordering areas in Washington Township south of the city that include about 500 parcels and about 100 homes. The council hopes to harness the economic development expected along the Hoosier Heartland Corridor.
“Our goal in these annexations is to encourage economic development along the Heartland Corridor,” said Logansport Mayor Ted Franklin in a press release. “This legislation gives us a tool to shape those annexations in a way that reduces the impact of annexation on these property owners.”
One of the concerns that has been raised by those against the annexation is that the tax exemption would only apply until annexed agricultural land is sold, in which case it would lose its agricultural zoning identity and the exemption would no longer apply to the new owner.
Randy Head, Logansport city attorney and a state senator who supported the amendment as it made its way through the Senate, said this is not the case.
“As long as the land is classified as ag, the exemption will remain,” he said.
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See the full article here:
http://pharostribune.com/local/x730866465/Annexed-ag-land-exempted
