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A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax.
A property tax, millage tax is an ad valorem tax that an owner of real estate or other property pays on the value of the property being taxed. Ad valorem property taxes are collected by local government departments (examples are counties, cities, school districts, and special tax districts) on real property or personal property.
Ohio Auditor Keith Faber failed to mention that property owners can challenge new valuations, but they can't challenge the taxes levied on that value. You can challenge property values, but not taxes.
The property taxes a property owner pays are largely the result of the levies the voters have chosen to enact over time. The formula for taxation in Ohio — commonly referred to as House Bill 920 ...
The Ohio Revised Code (ORC) contains all current statutes of the Ohio General Assembly of a permanent and general nature, consolidated into provisions, titles, chapters and sections. [1] However, the only official publication of the enactments of the General Assembly is the Laws of Ohio; the Ohio Revised Code is only a reference. [2]
Ohio House Bill 140 calls for ballot language to be written in a way that would tell voters what levies would cost the owner of a home valued at $100,000 and how much the amount the tax would ...
A primer to Ohio's property taxes. Home & Garden. Medicare
The only official publication of the enactments of the General Assembly is the Laws of Ohio; the Ohio Revised Code is only a reference. [4] A maximum 900 copies of the Laws of Ohio are published and distributed by the Ohio Secretary of State; there are no commercial publications other than a microfiche republication of the printed volumes. [5]