OH HB575

Tax bills for properties valued under the Current Agricultural Use Value (CAUV) program must separately display the "CAUV savings" amount showing the tax reduction compared to standard valuation

County auditors may value residential property or wasteland at less than what the current agricultural use value would produce, providing flexibility in assessments

Non-contiguous agricultural tracts can qualify as "land devoted exclusively to agricultural use" if they are part of a single farming operation within one county or across multiple counties under common ownership

CAUV applications become continuing applications that remain in effect each year the land qualifies, eliminating the annual renewal application requirement; owners must notify the auditor if eligibility changes

During reappraisal or update years, county auditors must notify CAUV landowners of all soil types in the county and the agricultural use values assigned to each soil type for both the current and previous reappraisal years