Farmland valuation for estate tax purposes
Inflated land values have increased the impact of the federal estate tax on heirs of family farm operations. In an effort to alleviate the added tax burden, Congress included a special provision for farmland valuation for federal estate tax purposes in the Tax Reform Act of 1976. This publication explains the current use provision and presents the changes made by the Economic Recovery Tax Act of 1981.
Archive version. For the most recent information see extension.missouri.edu.