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Under this example, a renter with annual income of $30,000 paying rent of $800 a month would receive an income-tax refund or rebate for the year of $740 (($800 x 0.15 x 12) - $700).
The benefits to the township are that it does not lose prime development land, it can still collect property taxes as well as a portion of the income tax collected, and it normally receives water from the municipality, which it may not otherwise have. In 1993, the Ohio General Assembly passed legislation enabling local communities to create JEDDs.
This is a non-diffusing subcategory of Category:Unincorporated communities in Ohio. It includes unincorporated communities that can also be found in the parent category, or in diffusing subcategories of the parent.
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.
Ohio is #24 in average property taxes at 3.016% of personal income, but the taxes vary by city and district. The state is #29 in overall average percentage of income used for sales, excise, and gross receipt taxes at 3.234%. [230] Below are the simple personal income tax rates for Ohio: [229]
Real estate is property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general.