H.C.R. No. 64 Summary

• Supports the Ohio Department of Taxation's efforts to find solutions to dramatic increases in taxable values of agricultural property assessed at current agricultural use value

• Acknowledges that current agricultural use values increased significantly in 2014 in revalued counties, creating planning difficulties for farmers

• Notes that farmers face higher tax bills despite lower incomes from reduced crop prices

• States that the formula used to calculate current agricultural use value has remained largely unchanged for approximately 40 years

• Directs the House Clerk to transmit copies of the resolution to the Governor of Ohio and Ohio news media