Farmers still pay taxes folks!
In my area of Michigan property taxes are equal to 25% of an income property’s REVENUE. The local government allowed the public to vote to shift more of the schools operating costs (new football stadiums, soccer fields, etc, you know those really important educational things :roll:) onto the backs of the businesses and off the public’s backs. All in the name of “saving our schools”. Guess how the public voted?
So if you own income property in Mich, it becomes very difficult to make money thanks to the local government that can do whatever they want. However, there are State government agricultural laws that can exempt a property from the extra school taxes and trump the local government. You might call it a “tax dodge” but I would call it trying to leveling the authority abuse exercised by the local governments.
I have tried to get an ag tax exemption with honeybees but have only had limited success. The local governments usually just laugh when you talk honey bees. :( They don’t take them seriously….. and my taxes bills are WAY higher than $100.
I highly doubt your “Fox News” report is giving a ‘fair and balanced’ report on Bon Jovi. I would be utterly amazed if Bon Jovi only pays $100 in property taxes per parcel DUE to some ag exemption. It is more likely he’s worked out a “payment in lieu of taxes” in place of traditional property taxes. Payments in lieu are based on revenue and economics of a project. That is standard practice if a community wants to have low income housing which would otherwise be completely unprofitable.