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ET 34 Rev. 1/07 Estate Tax Unit P.O. Box 183050 Columbus, OH 43218-3050 1-(800) 977-7711 tax.Ohio.gov Reset Form Quasi ed Farm Property Valuation Election Application (Ohio Revised Code Section 5731.011)

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What is qualified farm property valuation?

Qualified farm property valuation is the process of determining the fair market value of agricultural land and buildings that are eligible for special tax treatment.

Who is required to file qualified farm property valuation?

Farm property owners who meet the eligibility criteria set by the tax authorities are required to file qualified farm property valuation.

How to fill out qualified farm property valuation?

To fill out qualified farm property valuation, you need to gather information about the agricultural land and buildings, assess their fair market value, and complete the designated form provided by the tax authorities.

What is the purpose of qualified farm property valuation?

The purpose of qualified farm property valuation is to determine the tax assessment value of agricultural land and buildings for the purpose of providing special tax benefits to eligible farm property owners.

What information must be reported on qualified farm property valuation?

Qualified farm property valuation requires reporting information such as the property owner's details, property location, size and dimensions of the agricultural land, description of buildings, and assessment of their fair market value.

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