Martha owns a 150-acre farm in Delaware County, Ohio. She actively uses 120 acres for crop production and 30 acres as her residential homesite. She wants to reduce her property taxes using the CAUV program. Which portion of her land is eligible for CAUV valuation?
Correct Answer
A) Only the 120 acres devoted to agricultural production
Ohio's Current Agricultural Use Value (CAUV) program (ORC §5713.30-5713.38) allows land devoted exclusively to agricultural use to be valued based on its agricultural productivity rather than market value. Only the 120 acres used for crop production qualify; the 30-acre residential homesite does not.
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A property in Hamilton County, Ohio has a market value of $250,000 and the total effective tax rate is 2.1% of market value. The County Auditor assesses property at 35% of market value. What is the effective millage rate applied to the assessed value?
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An Ohio property has a market value of $160,000. If Ohio assesses property at 35% of market value and the local school district levies 50 mills, how much of the annual tax goes to the school district?