Proposal to reduce farm taxes under consideration
A measure to provide real estate tax relief to Ohio farmers has been approved by the Ohio Senate. The bill, sponsored by Findlay State Senator Cliff Hite, would change the way property taxes are calculated on farmland.
Taxes and valuation on some farms has grown by 300 percent in recent years. However, farmers say the formula used to set those rates does not take important factors like commodity prices into account when determining the agricultural value a property has.
The measure now moves on to the Ohio House.