Some of you have had questions on CAUV and my friend Emmette has an email response from Representative Buchy on the issue that he shared with me and others. I am sharing the response with you.

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Good Afternoon,

 

Agriculture is the number one industry in Ohio and our area is the number one agricultural producing area of the state.  For this reason, I request to serve on the Agricultural Committee every General Assembly.  Defending agriculture has been a priority as I have served you in the legislature.

 

Agricultural practices have changed a lot since the 1970s. When I say that, I mean more than just the size of the machinery we find in the fields.  From the rise in popularity of no-till planting to the advanced practices we are now implementing in nutrient application, agriculture in Ohio has a whole new face

 

As time has moved forward, changes in agriculture have required updates to Ohio law and each time this occurs I have worked with the commodity groups to promote the growth of production agriculture in this state

The constitutional formula for CAUV cannot be changed as easily as other aspects of the law because it is in the state constitution, which requires a vote of the electoral public. This formula has been the same since the early 1970s. By now, farmers have seen their tax bills this year and in many cases there are some substantial increases.

I have been discussing this issue with the commodity groups and I agree that we need to ask the Ohio Department of Taxation to do what they can to avoid future issues with the CAUV formula.  The current factors are outdated and in order to ensure the tax burden is placed in the correct place, updates are needed.

In a letter I sent to Tax Commissioner Testa today, I asked him to consider recommendations he was presented by the Ohio Farm Bureau.  The recommendations consisted of the following:

 

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1.       Improving the accuracy of the capitalization rate used in the formula by amending the debt/equity split to 80 percent debt and 20 percent equity

2.       Improving the accuracy of the capitalization rate used in the formula by increasing the lone term to a 25 or 30 year fixed lone term

3.       Improving the accuracy of current use values by using more timely data in the formula to allow improved responsiveness to changes in the farm economy. This can be accomplished by releasing final values in May of the current year, after updated budgets, yield data and rotation date become available.

4.       Improving the accuracy of woodland values by updating and increasing the conversion costs deducted from cropland values to accurately reflect the true cost of converting woodland to cropland.

Unfortunately, making these changes legislatively is not in the cards, which why I have directed our concerns to Commissioner Testa.  If I hear back from him, I will forward his comments on to you.

I want to hear from constituents, which is why I have developed a CAUV Survey to allow you to quantify the impact the CAUV is having on your family this year.  Please complete the survey at this link.

 

Sincerely,

 

Jim Buchy

Ohio House of Representatives

Ohio House District 84