Chapin v. Department of Revenue

Appeal from the Tax Court. 8 OTR 361 (1980). Taxpayers own a 111-acre farm in Marion County which is zoned Exclusive Farm Use (EFU). The farm operation is conducted by taxpayers and their son. Taxpayers’ son and his family reside in a farmhouse on the property. There is no dispute as to the value of the land used for farming. The parties stipulated that the only issue before the Tax Court was "the true cash value or market value of the one-half acre homesite.”

The taxpayers’ principal contention, in the Tax Court and here, is that a homesite on a farm in an EFU zone must be valued as farmland.…