Tag: tax

Beginning Farmers in Minnesota have Tax Break Available in 2021

St. Paul – The Minnesota Department of Agriculture‚Äôs (MDA) Rural Finance Authority is now accepting applications for a tax credit for the sale or lease of land, equipment, machinery, and livestock in Minnesota by beginning farmers. To qualify, the applicant must be a Minnesota resident with the desire to start farming or who began farming…
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January 3, 2021 0

Polk County Property Valuation on the Rise; CARES Funding Update

By Mark Askelson markkrjb@loretel.net (10/20/20) Fosston, MN — The Polk County Board of Commissioners set their preliminary tax levy at the end of September at approximately $25.5 million, which is an increase of just under 5%. The preliminary tax levy can be decreased, but not increased, before the final levy is set in December. While…
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October 20, 2020 0