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Senate Bill 36

General Assembly: 132

Short Title: Specify how value of agricultural land is computed   [ Show Long Title ]

Long Title: 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.

Primary Sponsor: Senator Hite

Version: As Passed by the Senate

Legislation Text : View Current Version


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