The Press Newspaper
Ag value up for renewal
Current Agricultural Use Value (CAUV) renewal forms for 2013 have been mailed to property owners enrolled in the program in Wood County, Michael Sibbersen, county auditor, said last week. Eligible property owners who are not currently enrolled may still apply for the program.
CAUV authorizes auditors to assess farmland at its crop production value rather than market value. The program is designed to preserve farming operations by gearing the tax base to the production of the land rather than its potential for development.
Ohio voters approved a constitutional amendment which created the program and since 1974 most of the state’s agricultural land has been taxed at this value instead of market value.
In Wood County, the tax savings last year to farm owners was nearly $10 million.
“Wood County has 9,584 individual real estate parcels on ag use” Mr. Sibbersen noted. “A total of 320,332 acres in this program brought a tax savings to landowners last year of over $9,700,000.” Wood County landowners not currently enrolled in the program who think they may be eligible should contact Sibbersen’s office at 419-354-9174 for information.
CAUV applications are to be filed with the County Auditor’s office by March 4. Eligible property owners must reapply each year with no renewal fee.
There is a $25 filing fee on all new applications. If renewal forms are not returned by March, county auditor will be required by law to value the property at its market value and recoup the tax savings for the past three years.
The structure is considered a health hazard.
The agreement is part of the Moving Ohio Forward program in which $75 million has been allocated among Ohio’s counties for the demolition of blighted or abandoned residential structures.