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Farmland assessed values not affected by record land sale
Source: Fitzgibbon Hospital, by PATRICK NOLAN
More than one person was surprised by sale price at a recent farm auction. The sale price of $10,700 per acre netted a cool $1.7 million for seller Blaine Murrell McBurney. February 24, 2011 However, property taxes on that $1.7 million farm are but a fraction of the property taxes assessed on the residential or commercial property in Marshall and surrounding towns.
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