Real Estate Taxes
Real Estate Taxes
Real estate taxes are collected for the purpose of funding certain public services at the county and local level, such as schools, libraries, county roads, etc. They are know as "ad valorum" taxes, which means that they are based on the value of the real estate being assessed. The county auditor appraises each taxable parcel of land in the county; 35% of that appraised value is known as the assessed value and is the basis for computing the taxes due for that parcel. Each tax district in the county certifies the amount of millage to be collected for the various public uses. One mill equals one one-thousandth of a dollar. The tax district totals the millage (i.e., 2.2 mills for libraries, 53.28 mills for schools, 14.27 mills for city roads, etc.) and the sum is known as the Total Tax Rate. The tax rate is applied to the assessed value to determine the tax. Various rollbacks and other reduction factors have been introduced in order to maintain an equitable tax on the lands of the citizens of Ohio.
Real estate taxes are collected biannually, one year in arrears. The county treasurer is responsible for collecting those amounts certified by the county auditor. (Refer to the table below to see when taxes are due in many Central Ohio counties, as well as other tax information respective to these individual counties.) The treasurer of each county is empowered to collect penalties and interest on unpaid and delinquent taxes. Although the treasurer attempts to send each landowner a tax bill, it is the responsibility of the taxpayer to pay the real estate taxes – even if no bill was received.
Real estate taxes are the first and best lien on real estate. Like any other lien that attaches to real estate, the lien for unpaid taxes follows the title to the real estate. A party who purchases land encumbered by unpaid real estate taxes assumes the responsibility of those taxes.
The Homestead Reduction is a tax savings granted to a person who owns property and (a) who is permanently and totally disabled; (b) who is sixty-five years of age or older; or (c) who is the surviving spouse of a deceased person who was permanently and totally disabled or sixty-five years of age or older and who applied and qualified for the Homestead Reduction in the year in which he/she died provided the surviving spouse is at least fifty-nine but not sixty-five years old or older on the date that the deceased spouse dies.
The owner of the property must apply for this tax reduction, but there is no need to renew this application each year as long as the qualified person remains the property owner and the amount of the tax reduction does not change.
The reduction amount is based on the income of a qualifying person.
If you have any questions or would like information about the Homestead Reduction, feel free to contact the county auditor. See the Central Ohio County Information section of this website to find the contact information for a few of central Ohio's county auditors.
Current Agricultural Use Valuation (CAUV)
The Current Agricultural Use Valuation is a tax reduction that saves farmers tax dollars because farmland is assigned value based on soil type rather than standard real estate factors.
In order to qualify for the CAUV Reduction, you must file an initial application for the reduction with your county auditor and a renewal application must be filed every year thereafter. (There are associated processing fees with these applications.) These applications can be filed after the first Monday in January and prior to the first Monday in March of any year. If your initial application or your renewal application is not filed within the prescribed dates each year, your land will not qualify for the CAUV Reduction.
In order to qualify for the CAUV Reduction, all or part of your land must be used exclusively for agricultural purposes in accordance with the Ohio Revised Code. For further information on the CAUV Reduction, contact your county auditor. See the Central Ohio County Information section of this website to find the contact information for a few of Central Ohio's County Auditors.
Once a portion, or all, of the land under the CAUV Reduction is converted from farm use, the property is subject to a Recoupment Charge. This charge is equal to the amount of tax savings on the converted land during the three years immediately preceding the year in which the conversion was made. This recoupment becomes a lien on the property as of the first day of January of the tax year in which the charge is levied until the recoupment taxes are paid. What does this mean? It means that a person buying property currently under the CAUV Reduction for a use other than farming, or a person who fails to renew an application for the CAUV Reduction, should be prepared to pay the property tax savings that were not paid for the last three years.
Central Ohio County Tax Information
(Click on the county where your property resides.)