Do Ohio farm owners
want it both ways?
All property owners
pay taxes on values for the past year(s). As an example if my home
was valued at $100,000 for the last couple of years I will pay taxes
this year on that value even if the home is now valued at $80,000. At the next appraisal I will pay on the lower value.
Likewise the farmer
was enjoying low taxes when land earnings and values were high and he
now has to pay for those good year(s). At the next appraisal his taxes will decline.
Paul Hunter
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