OTS 4.9

4.9 ENCUMBRANCES- CURRENT AGRICULTURAL USE VALUATION

Problem A:

Is the title examiner under a duty to report that the land has been certified for Current Agricultural Use Valuation for reduced taxation?

Standard A:

Yes.

Comment A:

Pursuant to R.C. Sec. 5713.31 et seq., so long as the owner of farm land annually renews the qualifications for reduction in taxation, no lien arises. However, in any year that the land loses its agricultural tax status, there arises a charge levied upon such land in an amount equal to the tax savings during the three preceding tax years. This lien continues upon the title of a subsequent owner. There is no limitation upon the duration of the lien.

(Effective November 9, 1991)

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