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Equalize Farm and Residential Taxes Faces Plan Clash
Des Moines Gov Ray plan to cap annual assessment increases spurs debate as Rep Lowell Norland outlines a 1978 effective equalization method for farmland and residential property. Norland argues for statewide market-value based assessments with a floating capitalization rate and reduced tax credits, while Sen. plan supporters push limits and shifts in funding.
MENTIONED IN THIS ARTICLE
Des Moines
Robert Ray
House
Ways-Means Committee
Lowell Norland
Ckensett
Ray
Norland
Ray’s
Garth Cottington
Guthrie County
State Assessor's Association
Myron Oxley
Marion