Ohio HB575 revises property taxation rules for farmland, including definitions and valuation criteria.

Ohio HB575 amends the Revised Code to revise property taxation of farmland. It defines terms such as "land devoted exclusively to agricultural use," "agritourism," "biodiesel," and "biologically derived methane gas." The bill specifies conditions under which land qualifies for agricultural use valuation, including land subject to conservation easements or agricultural water projects. It also outlines procedures for property owners to apply for agricultural use valuation and the consequences of failing to do so.

Ohio HB575 revises property taxation rules for farmland, including definitions and valuation criteria.

Ohio HB575 amends the Revised Code to revise property taxation of farmland. It defines terms such as "land devoted exclusively to agricultural use," "agritourism," "biodiesel," and "biologically derived methane gas." The bill specifies conditions under which land qualifies for agricultural use valuation, including land subject to conservation easements or agricultural water projects. It also outlines procedures for property owners to apply for agricultural use valuation and the consequences of failing to do so.