Corn Bins at Iowa Feed Mill Qualify for Property Tax Exemption

A feed manufacturer should be allowed to exempt its customized overhead grain bins from property taxes, but not its stand-alone corn silos, the Supreme Court of Iowa ruled.

The court reversed a decision of the Court of Appeals in part and remanded the case back to the District Court of Emmet County, according to the April 30 opinion of the Supreme Court.

StateLine Cooperative, which is in Emmet County, makes farm animal feed from corn.The corn is stored in two large silos on the mill property and when needed is taken by conveyer belt to the mill. At the ...