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Many Ohio farmers will see their property taxes take a big jump next year.

 

Those tax bills are going to double in some cases or go up even more for a number of farmers in the state. That's because of the formula Ohio uses to calculate farm taxes.

 

The Ohio Department of Taxation has a program that is designed to make farming financially easier for operators. It determines farmland values based on crop yield, soil conditions and market prices.

 

Most of Ohio's 75,000 farmers take part in the voluntary program because it saves them thousands of dollars annually.

 

But low interest rates and swings in grain prices are adding up to higher property taxes next year.