Wood County Auditor Matthew Oestreich has announced that the 2024 Current Agricultural Use Value (CAUV) renewal forms 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.
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 4. 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 4, 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.
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Categories: Ohio, Business