Appraised values should equal 100% of market value. However, assessed values in Ohio – the amounts on which property taxes are based – are calculated at 35% of appraised value. So, for example, if your property is worth $100,000, your assessed value should be $35,000.
To compute the taxable or assessed value, multiply the market value (1) times 35%. To compute the gross taxes, divide the taxable rate ($81.45) by 1000 and multiply the factor by the taxable value ($35,000).
All judgments granted in Ohio in 2024 will bear interest at the rate of 8% per annum, except where there is a written contract providing for a different rate of interest. Under Ohio Revised Code §1343.03(B), the rate stated in the judgment entry remains in effect until the judgment is satisfied.
Section 3953.231 | Establishing and maintaining interest-bearing trust account for deposit of non-directed escrow funds.
Ohio Revised Code The Revised Code is organized into 31 general titles broken into chapters dealing with individual topics of law. The chapters are divided into sections which contain the text of individual statutes. The laws are collected and published in the Ohio Revised Code.
Section 319.203 | Adopting standards governing conveyances of real property in county. Subject to division (B) of section 315.251 of the Revised Code, the county auditor and the county engineer of each county, by written agreement, shall adopt standards governing conveyances of real property in the county.
In addition to any other debt or obligation, a mortgage may secure unpaid balances of advances made, with respect to the mortgaged premises, for the payment of taxes, assessments, insurance premiums, or costs incurred for the protection of the mortgaged premises, if such mortgage states that it shall secure such unpaid ...
Chapter 1301 | General Provisions of the Revised Code may be cited as the Uniform Commercial Code.
Section 319.302 | Reduction of remaining taxes. (A)(1) Real property that is not intended primarily for use in a business activity shall qualify for a partial exemption from real property taxation.
Form 1140 Withholding return. You need to meet the following conditions to calculate Form 1140 Pass-Through Entity and Trust Withholding Tax Return: You need at least 1 nonresident beneficiary. The tax due calculated on 1140 page 3 needs to be more than $50.