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

Nelson L. Bills and Richard N. Boisvert

Journal of the Northeastern Agricultural Economics Council, 1981, vol. 10, issue 2, 7

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.

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nareaj:159822

DOI: 10.22004/ag.econ.159822

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