The bill amends various sections of the Revised Code to enhance the property taxation framework for farmland in Ohio. Key updates include a requirement for tax bills to clearly indicate "CAUV savings," which reflects the tax benefits for properties assessed based on their current agricultural use. Additionally, it mandates that county auditors and treasurers publish the percentage of property taxes levied by each taxing unit on their websites. The bill also clarifies definitions related to land exclusively used for agriculture, accommodating idle land due to disasters and allowing non-contiguous parcels to be treated as part of a single agricultural operation. Outdated language regarding the failure to file applications for agricultural use designation is removed, streamlining the application process for landowners.

Moreover, the bill introduces new definitions related to agricultural practices and conservation, including terms like "biologically derived methane gas" and "eligible conservation land." It establishes that land used for conservation practices will be valued at the lowest soil type value for tax purposes, while land meeting specific conditions will be assessed at its actual soil type value. The application process for agricultural land valuation is also modified to allow electronic submissions and requires county auditors to inform property owners about their land's valuation status. By repealing several existing sections of the Revised Code, the bill aims to improve the clarity and efficiency of property tax regulations for farmland in Ohio.

Statutes affected:
As Introduced: 323.131, 5713.03, 5713.30, 5713.31, 5713.32, 5713.351, 5713.36