Pabst Farms was able to change the designation of the land from commercial to agricultural assessment rates in 2009. As a condition to the road financing agreement, Pabst Farms will remain classified as farmland until construction begins on the Town Centre.How is this right? The land is clearly intended to be used for commercial purposes. Looking at Google Map, there doesn't seem to be any crops growing there (unless it's hay). This is an abuse of tax assessment, something that the Institute for Wisconsin's Future is trying to reform. This is a prime example of "real estate speculators who abuse agricultural assessment." As a result, Oconomowoc is losing $500,000 each year the land has this designation.
Why are the people who are opposed to "handouts" and housing subsidies not livid about this?
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