An Ohio farmer applies for CAUV on 300 acres of active farmland. The County Auditor denies the application, stating the land does not meet the minimum acreage requirement. Which statement about CAUV eligibility is correct?
Correct Answer
C) CAUV requires that the land generate a minimum gross income of $2,500 from agricultural activities or be enrolled in a federal land conservation program
Under ORC §5713.30, land qualifies for CAUV if it is devoted exclusively to agricultural use and meets one of several criteria, including producing a minimum gross annual income (typically $2,500 or more for parcels 10+ acres) from farming or being enrolled in a qualifying federal land conservation program. There is no minimum acreage threshold of 500 acres.
Why This Is the Correct Answer
Why the Other Options Are Wrong
Deep Analysis of This Oh Property Tax Assessment Question
Background Knowledge for Oh Property Tax Assessment
Real World Application in Oh Property Tax Assessment
Common Mistakes to Avoid on Oh Property Tax Assessment Questions
Related Topics & Key Terms
Key Terms:
More Oh Property Tax Assessment Questions
An Ohio property closes on September 15. The annual tax is $7,200 (paid semi-annually: first half covers Jan-Jun, second half covers Jul-Dec). The seller has NOT yet paid the second-half installment due in July. Using a 365-day year, how should the tax proration appear on the settlement statement?
A married couple in Ohio is refinancing their mortgage. The new lender requires the couple to add the property to a living trust they have created. This transfer from the couple to their own living trust requires:
In Ohio, all of the following are accurate statements about property tax lien certificates EXCEPT:
An Ohio county has total assessed property value of $2 billion. A school district with $800 million in assessed value passes a 5-mill operating levy. After HB 920 adjustments in a subsequent year, property values in the district increase by 20%. What is the new effective millage rate on this levy?
A rental property investor in Ohio owns a multi-unit apartment building. Regarding property tax credits, which statement is MOST accurate about this property?
- → An Ohio property sells for $500. Under Ohio's conveyance fee structure, what fee would be charged?
- → David builds a new addition to his home in Medina County, Ohio. The addition increases his home's market value by $60,000. When will this new construction be reflected in his property tax assessment?
- → A city in Ohio wants to incentivize development of a blighted downtown area. The city establishes a Tax Increment Financing (TIF) district. Under Ohio's TIF rules, which statement is MOST accurate?
- → In Ohio, property taxes fund various local services. Which of the following receives the LARGEST share of property tax revenue in most Ohio communities?
- → In Ohio, the term 'ad valorem' in the context of property taxes means:
- → Sarah is purchasing a home in Ohio and asks her agent about property taxes. In Ohio, property taxes are paid:
- → In Ohio, the reappraisal of all real property on a full sexennial cycle means properties are fully reappraised every:
- → In Ohio, which governing body has the authority to place a property tax levy on the ballot for voter approval?
- → The Ohio Tax Commissioner orders a countywide reappraisal in Butler County because the County Auditor's prior reappraisal did not meet state standards. Under Ohio law, which statement about this situation is correct?
- → Under Ohio's Homestead Exemption program, all of the following individuals would qualify for the exemption EXCEPT:
People Also Study
Buyer Representation Agreement
8% of exam
Property Ownership
10% of exam
Land Use Controls and Regulations
8% of exam
Valuation and Market Analysis
10% of exam
Previous Question
In Ohio, property taxes fund various local services. Which of the following receives the LARGEST share of property tax revenue in most Ohio communities?
Next Question
An Ohio property owner's taxes have been delinquent for two years. The County Treasurer has certified the property as delinquent. Under Ohio law, what is the MOST accurate description of the foreclosure process available to the county?
