Cass County Leasehold Tax Summary 2244 JEPC SFWApdf.pdf

This is a Leasehold Tax Summary document for Cass County, Illinois, prepared by the Illinois Department of Natural Resources, detailing tax assessments for agricultural leasehold property. The document presents financial and acreage data for County Lease Number 2244 at Jim Edgar Panther Creek State Fish & Wildlife Area (S.F.W.A.), a state-owned property subject to an agricultural farming services contract. The leasehold encompasses 488.3 acres in 2023, expanding to 567.7 acres in 2024 and stabilizing at 567 acres in 2025, reflecting potential acquisition or boundary adjustments to the leased agricultural land during the contract period.

The tax obligations for the leasehold property demonstrate consistent increases across the three-year assessment period, with 2023 taxes totaling $17,618.20, increasing to $22,381.48 in 2024, and further increasing to $23,899.32 in 2025. These escalating tax assessments reflect both the expansion of acreage subject to taxation in 2024 and the application of increasing tax rates or reassessed valuations in subsequent years. The summary serves as a financial record for the lessor's tax liability associated with the agricultural farming lease and provides critical budgeting and cost projection information for the leasehold operation.