The Warren County Fair and Livestock Sale is one of my favorite times each year. These kids work tirelessly year round to prepare, and they learn valuable life lessons that they carry with them forever. I’m honored to be a small part of it.
0 Comments
Land surveying is a critical step in various industries and projects, from construction to real estate development and environmental planning. This process plays a pivotal role in determining land boundaries, understanding terrain characteristics, and ensuring the success of a wide range of undertakings. 1. Initial Research: Before boots hit the ground, a thorough desk-based analysis is conducted. Surveyors pore over historical maps, property deeds, and legal documents to gather vital information about the land in question. This research helps establish a baseline understanding of the area's history and any existing property boundaries. 2. Fieldwork Begins: With the groundwork laid, it's time to take to the field. Surveyors employ a variety of tools and technologies, including GPS equipment, total stations, and even drones, to collect precise measurements and data. They work meticulously to determine boundary lines, elevations, topography, and any other relevant features of the land. 3. Boundary Determination: Establishing property boundaries is often a primary objective of land surveying. Surveyors use a combination of physical markers, such as stakes or monuments, along with their collected data to precisely define these boundaries. This step helps prevent property disputes and ensures accurate land ownership records. 4. Topographic Mapping: For many projects, understanding the land's topography is crucial. Surveyors create detailed topographic maps that showcase elevation changes, natural features, and any man-made structures. These maps are invaluable for urban planning, infrastructure development, and environmental assessment. 5. Data Analysis: Once the fieldwork is complete, surveyors analyze the data collected. They use specialized software to process measurements and create accurate representations of the land. This data forms the basis for property records, land-use planning, and various engineering applications. 6. Report and Documentation: The final step involves creating a comprehensive survey report. This document includes all the collected data, detailed maps, and a legal description of the property boundaries. It serves as an essential reference for landowners, developers, and government agencies involved in land management. 7. Post-Survey Services: Land surveyors often provide ongoing services, such as land use consultation, subdivision planning, and even expert testimony in legal disputes. Their expertise goes beyond the initial survey and extends to supporting clients throughout their projects. Property taxes statewide are going up. While CAUV’s historic purpose of taxing farmland based on its farm production value rather than market value still helps farmers keep thousands of acres in production, after years of significantly lower property tax bills for farmers, CAUV values are set to increase substantially in the 2023 reappraisal.
To help address questions and concerns as these new valuations are implemented, we’ve created multiple resources, including an FAQ, a webinar and podcast. These resources will explain in more detail why values are increasing, what you can expect when your new tax bill arrives and our organization’s efforts for CAUV moving forward. Despite these increases, the program still offers significant savings on most farmers’ tax bills. In 2022, the taxable CAUV value of all CAUV property in Ohio was 22% of the same property’s taxable market value, adding up to almost $1 billion in savings. Farm Bureau is continuing to work multiple channels to address concerns around CAUV. We intend to be highly engaged with the newly formed Ohio Property Tax Review Committee, created in the 2023 state budget, and advocate our members’ policies, both on CAUV and the general property tax system. Agricultural real estate, particularly farmland, has proven to be an intriguing and lucrative area for investors seeking diversification and stable returns. Understanding how farmland is valued and the strategies for investing in this unique asset class is essential for anyone looking to tap into the potential of agricultural real estate.
Valuing farmland involves more than just assessing its physical attributes. While factors like location, soil quality, and water availability play a significant role, there are other critical aspects to consider. One of the key drivers is crop yield potential. Different crops thrive in various environments, so understanding which crops are best suited for a particular piece of land can greatly impact its value. Additionally, advancements in technology have revolutionized agriculture, with precision farming techniques enhancing productivity. The integration of technology and data analytics into farming practices can significantly boost a property's value. As the world faces challenges such as population growth and climate change, the demand for productive and sustainably managed farmland is expected to increase. Technological innovations will continue to drive efficiencies in agriculture, impacting how land is valued and utilized. Additionally, evolving consumer preferences for locally sourced and organic produce can influence the profitability of different types of farming operations. Agricultural real estate, particularly farmland, presents a unique avenue for investors seeking both financial returns and a connection to the essential industry of food production. By understanding the multifaceted process of farmland valuation and exploring various investment strategies, individuals and institutions can position themselves to benefit from the potential of this fascinating asset class. Savvy investors seek opportunities to maximize their returns and minimize tax liabilities. One powerful tool that has gained popularity among seasoned investors is the 1031 exchange. This specialized tax strategy, named after Section 1031 of the Internal Revenue Code, allows investors to defer capital gains taxes on the sale of investment properties by reinvesting the proceeds into a similar property. Let's dive into the world of 1031 exchanges and explore how they can be a game-changer.
A 1031 exchange, also known as a like-kind exchange or a tax-deferred exchange, permits real estate investors to sell a property and then reinvest the proceeds into a replacement property of equal or greater value within a specific timeframe. By doing so, investors can defer paying capital gains taxes that would typically be triggered by the sale of the initial property. Key Benefits of a 1031 Exchange:
As the summer sun reaches its peak and the sweet aroma of cotton candy fills the air, communities in Warren County, Ohio, eagerly anticipate one of the most beloved events of the year - the Warren County Fair. This annual extravaganza is a celebration of local traditions, agricultural heritage, and the strong bond that unites the people of this charming county.
The Warren County Fair dates back to more than a century ago when it was first established as a humble agricultural exhibition. Over the years, the fair has evolved into a grandiose showcase of the county's best talent, culture, and agricultural prowess. Generations have grown up attending the fair, creating a profound sense of nostalgia and pride among the attendees. At its core, the Warren County Fair remains true to its agricultural roots. The fairgrounds buzz with excitement as local farmers proudly display their prize-winning livestock, handpicked fruits, and vegetables. Livestock competitions, such as cattle shows, sheepdog trials, and equestrian events, attract participants from all over the county. Visitors have the opportunity to witness the hard work and dedication of the agricultural community, gaining a deeper appreciation for the farming heritage that sustains Warren County. Beyond the agricultural displays, the fair bursts with an array of entertainment options for visitors of all ages. The fairgrounds transform into a carnival, featuring thrilling rides that send hearts racing and stomachs fluttering. From classic carousels to adrenaline-pumping roller coasters, there's no shortage of amusement for adventure seekers. Attendees can test their accuracy at shooting galleries, try their luck at winning stuffed animals, or indulge in a variety of traditional fair treats like candy apples and funnel cakes. The Warren County Fair serves as a powerful platform for fostering community engagement and supporting local businesses. Organizations and charities set up booths to raise awareness about their causes, while local vendors and craftsmen display their unique creations. It's a great opportunity for residents to discover the diverse offerings available within their community and to support local entrepreneurs. Hope to see you there! Ohio has long been a hotbed for Standardbred horse racing, dating back to the late 19th century. The state's breeding programs and prestigious racing circuits have produced some of the finest equine athletes in the sport. From the breathtaking speed of the pacing horses to the endurance of the trotters, Ohio Standardbred racing showcases the exceptional capabilities of these majestic animals.
No discussion of Ohio Standardbred Horse Racing is complete without mentioning the crown jewel of the sport—the Little Brown Jug. Held annually at the Delaware County Fairgrounds in Delaware, Ohio, this prestigious race is a highlight of the harness racing calendar. The Jug attracts top three-year-old pacing colts from across North America, all vying for a chance to etch their name in history. The thrilling atmosphere, intense competition, and iconic jug-shaped trophy make this event an unforgettable experience for both participants and spectators. Ohio is home to several outstanding race tracks that set the stage for high-speed drama and exhilarating finishes. The Northfield Park Harness Track, located near Cleveland, is a renowned venue that hosts top-class racing throughout the year. With its state-of-the-art facilities, lively atmosphere, and a bustling casino, Northfield Park offers an all-encompassing entertainment experience for racing enthusiasts. The Ohio Sires Stakes program has played a pivotal role in fostering the growth and development of Standardbred horse racing in the state. This series of races showcases the finest Ohio-bred horses, providing them with a platform to compete against their peers and display their talent on a grand stage. The program not only fuels the excitement of racing fans but also supports the local breeding industry, ensuring a vibrant future for Ohio Standardbred racing. But Ohio's Standardbred racing scene is more than just thrilling races; it's a community of dedicated horsemen, trainers, drivers, and passionate fans. From the thunderous roar of the crowd to the heartfelt cheers for their favorite horses, the camaraderie and energy are palpable at every race. The sense of anticipation before the gates open, the intense battles on the track, and the jubilant celebrations in the winner's circle create an electric atmosphere that leaves a lasting impression on all who witness it. Ohio Standardbred Horse Racing combines the raw power of these magnificent equine athletes with the unwavering passion of its participants and spectators. From the historic Little Brown Jug to the exhilarating races at Northfield Park and the thriving community that surrounds the sport, Ohio offers an extraordinary experience for horse racing enthusiasts. Whether you're a seasoned bettor or a first-time spectator, be prepared to be swept away by the thundering hooves, nail-biting finishes, and the indomitable spirit of Ohio Standardbred Horse Racing. It's an experience you won't soon forget. So, saddle up and get ready to embrace the thrill of the track! |
AuthorJared M. Williams is a licensed real estate broker who specializes in rural property sales throughout Ohio. Archives
July 2024
Categories |