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Impact of New Procedures for Estimating Agricultural Use Values in New York

Published online by Cambridge University Press:  10 May 2017

Nelson L. Bills  and
Richard N. Boisvert
Nelson L. Bills
Affiliation:
USDA-ESS-NRED stationed at Cornell University
Richard N. Boisvert
Affiliation:
Department of Agricultural Economics, Cornell University
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Abstract

This paper examines the implications of New York's new procedures for determining agricultural values for use-value assessment purposes. It has been argued that use values based on comparable sales, regardless of efforts to confine the data to farm-to-farm sales, still contained some speculative influences, which in turn, inflated use-value estimates in an urban state like New York. Interestingly, this paper shows that the Legislature's remedy – use-value estimates based on capitalized net returns to land – is likely to bring with it rather substantial increases in use values estimated for much of the State's cropland base.

Type
Contributed Papers
Information
Journal of the Northeastern Agricultural Economics Council , Volume 10 , Issue 2 , October 1981 , pp. 63 - 69
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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References

Barkley, Paul W. and Boisvert, Richard N. Farm Property Valuation in New York State, A.E. Ext. 80–5, Department of Agricultural Economics, Cornell University, March 1980.Google Scholar
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