Columbiana County farmers learn about likelihood of higher taxes - 21 News Now, More Local News for Youngstown, Ohio -

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Columbiana County farmers learn about likelihood of higher taxes

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COLUMBIANA COUNTY, Ohio - As the value of farmland in Ohio increases, so is the likelihood of higher taxes for farmers. Farmers in Columbiana County gathered Monday evening to learn more about what the latest assessment means for them.

Farmers in Columbiana County and across the state are facing significantly higher property values which will likely translate into higher taxes.

"I think we're all going to have to pay a little more taxes but I think that the prices of the land values going up and the prices of grain going up we should want to pay more taxes. I think it's the fairest there is," said Fred Hippely, a grain farmer in the county.

About 150 farmers gathered at United Local High to learn more about the increase in property value. The auditor's office estimates the average increased value will be between 40 and 45 percent in the county, which is part of the tax bill calculation for these farms.

"We know of some parcels where the value has doubled because their CAUV (Current Agricultural Use Valuation), because their soil types are so good. Other ones it has not went up a great deal so it depends on where you're at in the county and how good your soil types are," said Wayne Wallace, a consultant with the Columbiana County Auditor's Office.

The formula to assess the value takes into consideration the price of corn, soybeans and wheat, as well as production costs and the capitalization rate.

The formula is the same for all farmland.

"Of course it's going to increase our tax burden and make it harder to make a profit at the end of the year," said Richard Zehentbauer, a dairy farmer in the county.

Wallace said that the auditor's office doesn't have the current tax rates from the state yet, so they can't calculate how much the average tax bill will go up at this time.

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