For property tax purposes, farmland devoted exclusively to commercial agriculture may be valued according to its current use rather than at its "highest and best" potential use. This provision of Ohio law is known as the Current Agricultural Use Value (CAUV) program. By permitting values to be set well below true market values, the CAUV normally results in a substantially lower tax bill for working farmers.
To qualify for the CAUV, land must meet one of the following requirements during the three years preceding an application for the CAUV:
1) Ten or more acres must be devoted exclusively to commercial agricultural use; or
2) If under ten acres are devoted exclusively to commercial agricultural use, the farm must produce an average yearly gross income of at least $2,500.
Applications for CAUV must be filed with the county auditor.