Critics: Reducing farmland tax would cost Ohio homeowners

COLUMBUS, Ohio (AP) — Ohio lawmakers are debating whether to reduce property taxes for farmers amid criticism that taxes would rise for rural homeowners and school districts could lose state funding.

The Columbus Dispatch ( ) reports that pending legislation would alter the Current Agriculture Use Value, a complex property value adjustment for state farmland.

The program leads to a lower property tax rate that helps farmers. But Ohio Farm Bureau officials say rising crop prices and low interest rates have led to farmers paying $370 million more in taxes.

Proposed legislation would further reduce farmland values by possibly more than 25 percent.

An analysis says a 27-percent reduction would see residential property owners paying an estimated $71 million more in property taxes. Suburban and urban schools could lose millions in annual local tax losses.


Information from: The Columbus Dispatch,