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.
View Source
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.
View Source

Examples of Farmland Value in a sentence

  • REAL ESTATE TAXES Tax Parcel # Tax Acres 2023 Assessed Farmland Value 2023 Tax Rate 2023 Real Est.

Related to Farmland Value

  • Land Value means, at any time:-

  • rand value means the total estimated value of a contract in Rand, calculated at the time of bid invitation, and includes all applicable taxes;

  • Good Value means that the Benchmarked Rates are within the Upper Quartile

  • Undepreciated Real Estate Assets as of any date means the cost (original cost plus capital improvements) of real estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, determined on a consolidated basis in accordance with GAAP.

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).