CAUV (Current Agriculture Use Valuation) is the formula that determines taxes on agricultural lands, woodlots, and conservation lands in the county. The formula is composed of several variables including; commodity prices, crop yields, interest rates, and land values, all of which factor into a landowner’s tax liability.
Landowners who own more than 10 acres or gross more than $2,500 annually from their property are eligible for the tax savings this program offers.
Fayette County Auditor, Mike Smith and Leah Curtis, Director of Agriculture Law for Ohio Farm Bureau, will be hosting a meeting to discuss CAUV and the upcoming reappraisal of land parcels in Fayette County. These reappraisals will serve as a landowner’s tax liability for the next three years.
The meeting will be held in the Fine Arts Building on the Fayette County Fairgrounds on Thursday, Dec. 17. The meeting will start at 6 p.m and last until 8 p.m. This meeting is open only to Ohio Farm Bureau members and will be a great opportunity to learn more about how CAUV is assessed on your property.
To reserve your seat or to become a member, please call the Fayette County Farm Bureau office at 937-382-4407 or email: [email protected]