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This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
A payment in lieu of taxes, abbreviated as PILT or PILOT, [1] [2] [3] is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property.
According to the United States Census Bureau, the county has a total area of 596 square miles (1,540 km 2), of which 587 square miles (1,520 km 2) is land and 9.0 square miles (23 km 2) (1.5%) is water. [6] It is the fifth-largest county by area in Kentucky. Ohio County is part of the Western Coal Field region of Kentucky. Much of Ohio County ...
Under this example, a homeowner with income of $50,000 whose property tax was $3,000 would get the full $1,500 credit and end up paying a net $1,500 in property tax.
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Search. Search. Appearance. ... Ohio County is the name of three counties in the United States: Ohio County, Indiana; Ohio County, Kentucky; Ohio County, West ...
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