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The Ohio Department of Taxation is the administrative department of the Ohio state government [1] responsible for collection and administration of most state taxes, several local taxes and the oversight of real property taxation.
For example, if a buyer pays a $2,000 down payment and borrows $8,000 for a $10,000 parcel of land, and pays off in installments another $4,000 of this loan (not including interest), the buyer has $6,000 of equity in the land (which is 60% of the equitable title), but the seller holds legal title to the land as recorded in documentation in a ...
The treasurer of the U.S. state of Ohio is responsible for collecting and safeguarding taxes and fees, as well as managing state investments. [2] The Treasury was located in the Ohio Statehouse from 1861 to 1974, when it was moved to the Rhodes State Office Tower.
I encourage each of you, just as I do, to reach out to your legislators and encourage them to put forward needed changes to Ohio property tax law. Alan Harold was elected Stark County Auditor in 2010.
It's tax season. And if you're a homeowner, it's almost time to pay the first half of your property taxes. Especially if you live in Franklin County, which just had a property reappraisal in 2023 ...
A primer to Ohio's property taxes. For premium support please call: 800-290-4726 more ways to reach us
This trend led to the introduction of alternatives to the property tax (such as income and sales taxes) at the state level. [16] Property taxes remained a major source of government revenue below the state level. Hard times during the Great Depression led to high delinquency rates and reduced property tax revenues. [68]
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.