What is land worth guys?

[checking]

Bluefargo, you may have a point. I guess I'm just down on assessment because it isn't done often enough to reflect changing positions, which then causes farmers going out of business to say that they require 1.3 or 1.7 times assessement. If it was current a person could rely on it, and plus or minus land value based on available competition, location, ability to pay for it, alternate uses, building and storage assets, hunting, privacy, scenery, the neighbour complained my horse chewed the paint off the hood of his truck and there is a nice little pasture over there, and on and on. It's either that, or the reeve of the municipality telling me that the highest assessed land in the entire municipality, which I happened to own at the time, should never have been broken up. He had a spear to throw, and I wasn't about to be on the receiving end of his point! I've seen beautiful crops grown on sandpiles that had the groceries applied, and it rained. Same year, I've had lodged disasters on heavy clay. So, spear aside, point taken. Have a good year.

[bluefargo]

Very good point gustgd.

The "new" assessment was set up to more accurately reflect the current value of land. Ofcourse land values are always changing so the actual assessed value does get out of date as compared to the market fairly quickly.
But the system does a great job of indicating the relative value of one quarter vrs another.
Its a good system and we are lucky to have it.

[bluefargo]

Checking
I posted before I saw your reply.

I agree with most of what you said. Right now as I understand it, the system looks at only the agricultural potential.

And you are right. I wish it could be kept more up to date.