*Approximate values calculated using 2015 Miami Silt Loam values.

Working for a more fair CAUV formula

 Buckeye Farm News

Farm Bureau is continuing to talk with the Ohio Department of Taxation, state legislators and the governor’s office about
its recommended changes to the CAUV formula that would improve how landowners are taxed and preserve the program for future generations. OFBF has already secured a set of administrative changes that held down the amount of increases in future tax years and improved the valuations for woodlands.

Ohio Farm Bureau prefers CAUV changes be made administratively or legislatively and not through the court system, where it can be tied up for years in litigation.

Since CAUV is designed to tax land at its productive value rather than its development value, it is a significant savings for farmers.

“Members of the Department of Taxation’s Ag Advisory Committee continue to cite the benefit farmers receive from CAUV, on average a 50 percent reduction from taxes, even as CAUV values increase,” said Leah Curtis, OFBF’s director of agricultural law. “While CAUV is a beneficial program, we have identified flaws in the calculation that we feel should be addressed to create a more accurate CAUV calculation.”