If tangible personal property is physically located at both Ohio locations, an intercounty return form 945 must be filed. If your home is a personal residence that you rent out for fewer than 15 days per year, you are not required to report or pay tax on the rental income.Spending too much time completing business personal property renditions? Increase your efficiency with this detailed walk-through. The Owner Occupancy Credit is a real estate tax reduction available to a homeowner for their principal place of residence. The form 945 new taxpayer return is to be filed with the tax commissioner, again within 90 days of first engaging in business in Ohio. The change in the law also applies to leases of tangible personal property used for business purposes. For estate planning purposes, I placed the title to my property in a trust. It can be downloaded from nearly all county auditor websites or the Ohio Department of Taxation's website. Will you pay capital gains taxes for inherited property?