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Ohio Farmers See Big Jump In Property Taxes

miamiherald.com

Ohio farmers are seeing  their property taxes increase at a time when grain prices along with demand for  corn and soy beans have declined. 

Recent reappraisals by county auditors have increased taxes on some farm parcels by as much as 400 percent, which has the Ohio Farm Bureau Federation looking for a fix in the formula. Taxes on farm ground are not based on market values like houses or commercial property. Farm taxes are derived from a complex formula that takes into account soil types, crop yields, crop prices and interest rates. Ohio farm bureau officials say those who will be hardest hit are older farmers who lease their land and live on fixed incomes. 

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