Farmland owners are in for more property tax increases at least into 2015, Purdue Extension agricultural economist Larry DeBoer says. In the Jan. 27 issue of his column "Capital Comments," DeBoer said the base rate for the assessment of an acre of farmland will jump from $1,290 in 2011 to $1,500 in 2012. He estimates the base rate will be about $2,030/acre by 2015. The 2007 base rate was $880. READ MORE...