Real Estate Taxes: Current Agricultural Use Value
Taxable Current Agricultural Use Value of Real Property,
Taxable Value of Real Property before CAUV, and Number of
CAUV Acres and Parcels, by County, Calendar Year
Under Chapter 5713 of the Ohio Revised Code, county auditors
are required, upon application by landowners, to assess
qualified agricultural property according to its current
agricultural use value (CAUV). Only land used exclusively for
agricultural purposes may be assessed in this manner. The Tax
Commissioner is responsible for developing the specific rules
and standards used by county auditors in assessing real
property according to its current agricultural use value.
Table PD-32 shows the taxable value of qualifying
agricultural real property both before CAUV determination -
when the property is valued according to its highest and best
use - and after CAUV determination. (Both of these
measurements reflect property values after the imposition of
the 35 percent assessment ratio.) Also, shown are the number
of acres and parcels of property to which CAUV determination
was applied by county for tax year 2002.
In 2002, taxable value of real property before CAUV
determination ranged from a low of $9.2 million in Vinton
County to a high of $316.8 million in Delaware County.
Taxable real property value after CAUV determination ranged
from $1.5 million in Cuyahoga County to $64.4 million in Wood
County. The number of CAUV parcels varied from 185 in
Cuyahoga County to 9,519 in Wood County, while the number of
CAUV acres ranged from 2,399 in Cuyahoga County to 348,096 in
Darke County. A total of 16.0 million acres were assessed at
their current agricultural use value of $2.3 billion as
compared to the highest and best use value of $10.9 billion,
a reduction in assessed value of $8.6 billion.
The sources of these data are records of the Ohio Department
of Taxation derived from current agricultural use value
abstracts filed with the state by county auditors.