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

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  • Bills, Nelson L.
  • Boisvert, Richard N.

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.

Suggested Citation

  • Bills, Nelson L. & Boisvert, Richard N., 1981. "Impact of New Procedures for Estimating Agricultural Use Values in New York," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 10(2), pages 1-7, October.
    • Handle: RePEc:ags:nareaj:159822
    DOI: 10.22004/ag.econ.159822
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    References listed on IDEAS

    as
    1. Barkley, Paul W. & Boisvert, Richard N., 1980. "Farm Property Valuation in New York State," EB Series 184744, Cornell University, Department of Applied Economics and Management.
    2. Gordon S. Locken & Nelson L. Bills & Richard N. Boisvert, 1978. "Estimating Agricultural Use Values in New York State," Land Economics, University of Wisconsin Press, vol. 54(1), pages 50-63.
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    1. Bills, Nelson L. & Boisvert, Richard N., 1981. "Impact of New Procedures for Estimating Agricultural Use Values in New York," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 2), pages 1-7, October.
    2. Boisvert, Richard N. & Bills, Nelson L., 1984. "Variability Of New York'S Agricultural Use Values And Its Implications For Policy," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 13(2), pages 1-10, October.
    3. Marti, Carole E. & Dunford, RIchard W., 1982. "The'Role Of Expectations In The Determination Of Vacant Rural Land Prices At The Urban Fringe," 1982 Annual Meeting, August 1-4, Logan, Utah 279171, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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    Keywords

    Agricultural and Food Policy;

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