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Farmland is a good tax value for communities
- Nationwide, for every $1 in property tax paid by a farm, the community spends approximately 20 cents to provide services to that property. For residential development, for every $1 collected, the community spends between $1.20 and $1.50 to provide services like schools, roads, police and fire protection. (According to American Farmland Trust Cost of Community Services studies.)
- Farmland generates revenues from taxes (it pays more than it costs for services), while developed land costs communities/county more than the revenues they generate.
McHenry County 2007 Farmland Facts
- 1,035 Farms - up 19% from 2002
- 215,000 acres - down 8% from 2002
- $156 million in sales - crops & livestock
- $128.5 million in expenses for crops & livestock
- Average Farm Size 208 acres
- down 22% from 2002
- Average Farm Sales $151,000 per year - up 44% from 2002
Itemized Sales:
- Vegetables & Fruit $5 Million
- Nursery & Christmas Trees $32 Million
- Livestock, Poultry & Products $27 Million
- Horse, Pony & Donkeys $1 Million
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