Current Agricultural Use Value renewal forms for 2023 have been mailed to property owners currently enrolled in the program.
Eligible property owners, who are not currently enrolled, may also apply for the program now. Wood County Auditor Matthew Oestreich made the announcement on Monday.
In accordance with Ohio law, CAUV applications are to be filed with the county auditor’s office by the first Monday in March, this year by March 6.
Eligible property owners must renew each year with no renewal fee. There is a $25 initial filing fee for all new applications. If renewal forms are not returned by March 6, the county auditor will be required by law to value the property at its market value and recoup the tax savings for the past three years.
Current Agricultural Use Value authorizes the county auditor to assess farmland at its crop production value rather than its market value. It protects and preserves farming operations by gearing the tax base to the production of the land rather than its potential for development. Ohio voters approved a constitutional amendment which created the program and since 1974 most of the state’s agricultural land has been taxed at this value instead of market value.
CAUV soil values are set by the Ohio Department of Taxation and are adjusted every three years for each county. New values were issued for the 2020 tax year and are effective for tax years 2020, 2021 and 2022. The state will issue updated values in2023 as part of Wood County’s sexennial reappraisal.
“Wood County has 9,525 individual real estate parcels on Ag Use,” Oestreich said. “A total of 314,800 acres in this program brought a tax savings to agricultural landowners last year of nearly $22 million.”
Anyone who is not enrolled in the CAUV program and may be eligible, should contact the Wood County Auditor’s Office at 419-354-9174.