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Current Agricultural Use Value has increased substantially following the 2023 reappraisal and update, affecting 41 counties that are seeing new tax bills this year. Some counties have reported CAUV increases between 80% to 100%. 

Why are values increasing and how do property taxes respond? Join Ohio Farm Bureau for a free webinar March 5 at 9 a.m. to discuss the recent increases in CAUV values, information to help you understand the property tax system, and an update on legislative action.

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Here is the recording of the webinar.

 

“After having some effects of a lower farm economy for a few years in the calculation, we’re now seeing impacts of a very strong economy,” said Ohio Farm Bureau Policy Counsel Leah Curtis, who will be presenting about the most recent CAUV news as part of the upcoming webinar. “Particularly those are strong crop prices and crop prices that were not only strong, but sustained over several years. Most of our data sets in the formula use seven years of data. So we’re looking at 2017 to 2023, and that has resulted in significant increases in the CAUV soil values.”

Curtis and her team have been working multiple channels to address concerns over CAUV increases, as well as some other CAUV issues, including a thorough review of the formula. 

“We’re meeting with the tax department with those concerns, and the Legislature also recently passed the formation of a joint committee on property taxes,” Curtis said. “We intend to continue to be heavily engaged with that committee, and we will be advocating for our own policies not just on CAUV, but on property tax in general for our members through that committee process.”