Senate Bill 246
Revises tax valuation of agricultural land
To amend sections 5713.31, 5713.34, and 5715.01 of the Revised Code to require that the computation of the capitalization rate for the purposes of determining CAUV of agricultural land be computed using a method that excludes appreciation and equity buildup and to stipulate that CAUV land used for a conservation practice or enrolled in a federal land retirement or conservation program for at least three years must be valued at the lowest of the values assigned on the basis of soil type.
Current Version
Introduced In House
In House Committee
Reported By Committee
Passed By House
Introduced In Senate
In Senate Committee
Reported By Committee
Passed By Senate
Sent To The Governor
Subjects
Committees
Senate Ways and Means Committee
Primary Sponsors
Cliff Hite
Cosponsors
Senators
Capri S. Cafaro
Randy Gardner
Bob Peterson
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