CAUV land valuation
Tuesday, March 18, 2014 11:37 PM
ST. MARYS, Ohio — Learn why CAUV land values have increased at a meeting set for Thursday, April 10, from 7-9 p.m. in the St. Marys High School Auditorium, 2250 State Route 66N, St. Mary.
During the last several years, Ohio’s Department of Taxation has revamped the numerous formulas used for valuing agricultural land that is enrolled in the Current Agricultural Use Value (CAUV) program. As a result, taxable values have increased for the majority of soils enrolled in the CAUV program.
The CAUV Land Valuation meeting focuses on the effects that the state’s updated agricultural land valuation formula will have on your agricultural land’s taxable value, and, therefore, on your property tax bill.
Featured speakers are Richard H. Hoffman, ASA, MAI, CAE, CRE, of Appraisal Research Corporation, and Rick Hoffman, Esq., of Local Government Services will speak about how the state has reformatted and updated the income and expense data used for calculating CAUV land values and also the property appraisal process.