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39.48, -82.98 | I don't like it, either, but it *is* based on land values and land has appreciated greatly in the last several years. If you are paying twice as much it's because you are worth twice as much. Now, don't you feel better? :-)
This is going to happen anytime taxes are levied on real property. Inflation, for example, raises the nominal value of a house -- but the homeowner also gets to pay with nominal (devalued) dollars. In our case, land has appreciated in real terms, so we now have a real increase in expense. And, since the CAUV is only figured periodically, it comes in a big step. AND, this comes at a time when the farm economy that drove the rising land prices has cooled markedly, to say the least. On the way up, we enjoyed low land taxes; on the way down, we're taking it in the shorts. At least CAUV takes a lot of the bite out of it. | |
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Ohio farm ground new taxes will double in 2015
