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CAUV Revision Impact on Madison-Plains School District Tax Collections

CAUV Revision Impact on Madison-Plains School District Tax Collections. Prepared April 2013. Tax Collections. Tax Collection Changes. Why have Current Agricultural Use Values (CAUV) changed so much?. Question #1. http:// www.youtube.com/watch?v=mtYv_xZHh8E. Ohio Farm Bureau Video.

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CAUV Revision Impact on Madison-Plains School District Tax Collections

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  1. CAUV RevisionImpact on Madison-Plains School District Tax Collections Prepared April 2013

  2. Tax Collections

  3. Tax Collection Changes

  4. Why have Current Agricultural Use Values (CAUV) changed so much? Question #1

  5. http://www.youtube.com/watch?v=mtYv_xZHh8E Ohio Farm Bureau Video

  6. Madison County Average Market Value / Acre = $4,500 • Highest CAUV value in Madison County = $1,960 • This equates to a 56% decrease in value for the most productive farm land in the county. • Average % of CAUV value to Market value in Madison County is 32% Ag Value Facts

  7. If Farm CAUV values went up by 55% in 2011 then why did the schools tax revenues only go up by 3.9% ($221,876)? QUESTION #2

  8. ANSWER #2: Once a school levy is passed , the amount of money collected from that levy may not exceed the amount received in the first year of collection. (Except for Inside Millage, which is not Voted-in and New Construction)

  9. Tax Payer Example: Homeowner

  10. Tax payer Example: Farmer

  11. The 3.9% Increase in Taxes was due to the increase in property values times the inside millage rate of 5.1 mills. Taxes on Voted Millage Were NOT Increased.

  12. TAX COLLECTION CHANGE

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