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The Rural Voice, 2001-02, Page 46jf)F RTH Burnell KipferPCFA, R.R.Office #1, Sebringville 519-229-6430 NOKFax 1X0 519-2Ph29-6269: 519-271-3399e-mailF: ax 519-273-0789 perth@ofa.on.ca • The Rural Voice is provided to farmers County Federation of Agriculture NEWSLETTER in Perth County by the PCFA. Things to check on your assessment notice All landowners by now should have received notices of property assessment for all properties. Some things to check on these forms now could save you time, frustration and dollars in the future. Your property's classification section on your notice is very important to farmers as it designates the classification that your property is under. For farm properties that include a residence, you will have an assessment for your house and one acre, classified as Residential/Farm Taxable: Full plus a section for your remaining farmland and farm buildings, classified as Farmlands Taxable: Full. For properties that are only farmland and do not include a residence, your classification should be Farmlands Taxable: Full. If you own a separate woodlot property and it is part of an approved managed woodlot program, it should be classified as Managed Forest Taxable: Full. It is important to recognize the classification of your property now, because if it is in the wrong classification, you will be paying more taxes on it. If for example your farmland portion is classed as residential, then your municipality will apply the full tax rate, when it should be applied at 25% of the residential tax rate. In the past, many people have not noted their property's classificatiojt on their assessment notice until it's too late. They receive their first tax bill and realize that their farm is in the wrong classification. Therefore it is taxed at the full residential tax rate. If you PERTH COUNTY FEDERATION OF AGRICULTURE FEBRUARY DIRECTORS' MEETING February 22, 2001 Downie Mutual Insurance Office Sebringville - 8:00 p.m. EVERYONE WELCOME 42 THE RURAL VOICE don't recognize that your property is in an incorrect classification before March 31, you will have a difficult time getting it reversed. In most municipalities you won't receive your first tax bill until after the March 31 deadline to change the classification. Therefore your opportunity is now, to make corrections. If your property is in the wrong classification. or you have questions about its classification. you may call the Goderich Assessment office which covers properties in Huron and Perth Counties at 524- 7326 or 1-800-265-5192. You may also want to inquire about how they came up with the estimated value of your property. It has been reported to our office that some farmers have been able to get a reduction on their assessed value by having the classifiers come out again to look at their properties. Some examples would be to ensure the soil class that the assessment office has on your property is the actual soil class. Also ensure that the workable acres are correct. Windbreaks and grassed open ditches have been assessed at lower per acre values upon a request for reconsideration. Also be sure to find out if they have the correct number of farm buildings and how they are listed on your property assessment. Challenging situations have also arisen when properties change ownership, or when a house is severed off from a piece of farmland property. In some cases the new ownership, or the creation of a new roll number. is enough to change the classification of a property. The important issue here is for you as a property owner to know how they are assessing your property, and that the information the Assessment Office has, is indeed correct.° Environmental Farm Plan Workshops January 17 & January 24 - Mitchell January 18 & January 25 - Strafford January 23 & January 30 - Monkton February 1 & February 8 - Sebringville February 7 & February 22 - Milverton February 15 & February 22 - TBA March 1 & March 8 - TBA For more information and to pre -register call Mary at 519-393-6232 Passing on the Farm ... Are You Ready? Planning Today Will Reduce Your Stress Tomorrow! OPEN INVITATION TO PARENTS AND THEIR ADOLESCENT OR OLDER CHILDREN Specialists will introduce you to Accounting, Insurance and Banking matters to help ensure a smooth transition FREE ADMISSION TO ALL WHEN: Monday, February 12, 2001 — 8:15 p.m. WHERE: Mitchell District High School RSVP to the OFA area office with number attending by Friday, February 2, 2001 1-800-511-1135 or 482-9642 Sponsored by the students of "Bridges to Agriculture" and the Huron and Perth Federations of Agriculture.