Farmland Value definition
Farmland Value means the price as of the valuation date for land, exclusive of buildings and related site improvements, used for agriculture which a willing and informed seller who is not obligated to sell would accept for the land, and which a willing and informed buyer who is not obligated to buy would pay for the land. The valuation shall be determined by the department's points-based appraisal system, or a general real estate appraiser who is certified under Chapter 4763. of the Revised Code if required by the director. This value applies only to the comparable sales method of appraisal, not the points based appraisal method.
Farmland Value means the price as of the valuation date for property used only for agricultural production which a willing and informed seller who is not obligated to sell would accept for the property and which a willing and informed buyer who is not obligated to buy would pay for the property.
Examples of Farmland Value in a sentence
REAL ESTATE TAXES Tax Parcel # Tax Acres 2023 Assessed Farmland Value 2023 Tax Rate 2023 Real Est.