Ross County Auditor Tom Spetnagel is holding an informational meeting that will cover the state's increases to farmland enrolled in the Current Agricultural Use Value Program.
The CAUV values for commercial farmland have been steadily rising during the last six years-since Ohio began applying its new land valuation formula.
Because Ross County is currently completing its State-ordered Revaluation of real estate values, the State’s updated (and increased) values for land enrolled in the CAUV program will become effective on those properties’ 2014 tax bills. Tax rates and, therefore, the new property taxes due, will not be available until mid-December.
Richard H. Hoffman, ASA, MAI, CAE, CRE, who is the CEO of the firm that performed the County’s Revaluation (Appraisal Research Corporation), 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.
Representatives from the Ross County Farm Bureau on hand at the September 12th meeting. It'll start at 7pm at the Ross County Service Center on Western Avenue.