Two types of tax, a current use tax and a reduction in Fair Market Value (FMV). The Current Agricultural Use Value (CAUV) is for land devoted to growing timber and is based on the soil productivity of the land; the assessed value is generally $100. The Ohio Forest Tax Law (OFTL) is a 50% reduction in FMV.
CAUV is covered under Ohio Forest Tax Law Rev. Code Sec. 5713.22-.26
OFTL is covered under Current Agricultural Use Value Rev. Code Sec. 5713.30-.38
The objective of CAUV is to produce timber and the objective of OFTL is to protect land use from urban sprawl
OFTL- minimum 10 acres, must be managed for timber production
CAUV- minimum 10 acres, land devoted exclusively to timber growth, no management plan req.
(less under CAUV if the land earns $2500/year for previous 3 years)
Minimum stocking of 50 ft� BA/A or 300 trees/acre under OFTL
Forest stewardship management plan approved by state forester and marked boundaries under OFTL
Must reapply annually under CAUV and land must be inspected every 5 years under OFTL
Use change results in penalty of previous 3 years for CAUV
No penalty for withdrawal from OFTL
Private forestry consultant develops management plan and landowner submits to State Department of Forestry for approval under OFTL. The Chief of Forestry Division sends certified application to county auditor. Under CAUV the Department of Agricultural calculates soil productivity values. Landowners file application with county tax assessor.