The Current Agricultural Use Value (CAUV) program gives farmers a tax break by allowing farmland to be valued at its current agricultural use rather than its “highest and best” use. To qualify, a property owner must devote 10 or more acres of land exclusively to commercial agriculture, or less than 10 acres if the 3-year average income is $2,500 or more. An initial application must be filed no later than the first Monday in March, along with a $25 filing fee. Annual renewals are required thereafter.
If land no longer qualifies for the program (due to conversion to a non-agricultural use, or failure to file the annual renewal form), a “recoupment” is assessed equal to the previous 3 years’ tax savings.
Ross County, Ohio Auditor