August 22, 2014

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Why did my CAUV values increase?

YIELD UPDATES FOR TY 2010

• For 2010, the factor is based upon yield data from 1999-2008

• Soil yields from 1984 were increased by the following percentages:

Corn: 18.73%

Soybeans 12.88%

Wheat: 52.50%

Source: Ohio Department of Taxation

By Susan K. Simpson

County auditor

Note: For frequently asked questions about property revaluations, see inside.

Many Paulding County rural landowners have been shocked when they opened their 2011 tax bills. For those with Current Agricultural Use Values (CAUV) depending on the soil types, some values increased several hundred percent over 2007 CAUV values (previous update). As a result, many frustrated tax payers have been asking questions.

A public meeting was held back in August of 2010 by the Paulding County Auditor to inform the public of this upcoming change of values. Unlike fair market value appraisals, CAUV values are calculated for each soil type in Ohio by a formula that is based on five different factors. Ohio has approximately 3,500 soil types with Paulding County having 63 different soil types. A calculation is performed by the State for each soil type.

WHAT IS CURRENT AGRICULTURAL USE VALUE (CAUV)?

In 1972, Ohio voters approved a constitutional amendment that allowed qualified agricultural land to be valued at its current agricultural use value for real property tax purposes rather than fair market value. The home, home site and outbuildings are still valued at fair market value.

Current agricultural use value can be determined by the capitalization of the typical net income from agricultural crops on a given parcel of land assuming typical management, cropping patterns, and yields for the types of soil present on the tract.

WHO DEVELOPS THE CAUV VALUES?

The Ohio Department of Taxation calculates CAUV rates and sends the values to the county auditors in each county. There is no local input and no one in the county who can change these values.

The State of Ohio uses several criteria in calculating CAUV land values including yield information, cropping patterns, crop prices, non-land production costs, and the capitalization rate. CAUV rates are updated every three years and current rates were updated with the 2010 revaluation.

The counties in Ohio performing a reappraisal in 2010 were: Adams, Columbiana, Hancock, Hocking, Holmes, Lawrence, Meigs, Monroe, Paulding, Scioto, Tuscarawas, Washington.

 

Comments 

 
-2 #1 2011-01-15 12:11
Since personal home values have tanked, while tillable farm land value has increased, I don't see any problem with the higher tax rate.