Tax Rules: Final: 5703-25
5703-25-35 Determination of current agricultural use
taxable value of land and total taxable value of parcels in
counties that completed sexennial reappraisals for tax year
1972 or later
In counties that have completed a sexennial reappraisal of
real property for taxable purposes in 1972 or later the
agricultural use land taxable value shall be the same
percentage of agricultural use land value as that prescribed
by rule 5703-25-06 of the Administrative Code, or any future
revision of such rule, currently thirty-five per cent, to
determine taxable value of all other taxable real property.
The total taxable value of the parcel shall be calculated by
adding the current agricultural use land taxable value to the
taxable value of the improvements determined as required by
rule 5703-25-06 of the Administrative Code.
Effective: 9-18-03
Promulgated under: 5703.14
Authorized by: 5703.05
Amplifies: 5713.01, 5715.01
Prior effective dates: 11-29-74, 11-1-77 as 5705-5-06