Search results
The real property tax is Ohio’s oldest tax. It has been an ad valorem tax – meaning, based on value – since 1825. The department's Tax Equalization Division helps ensure uniformity and fairness in property taxation through its oversight of the appraisal work of local county auditors.
You may review your property’s effective tax rate by looking at the tax bill you received from the County Treasurer. 2 What is the meaning of assessed value? The assessed value is 35% of the property’s appraised value.
HERE IS AN EXAMPLE: COST TO HOMEOWNER. Appraised value: $100,000 Assessed (Taxable) value: 35% of the Appraised $100,000 x 0.35 = $35,000 Millage: 2.50 Mills. (2.50 mills is equal to $2.50 for every $1,000 of assessed value) Calculate tax: Tax estimate does not include. $35,000 ÷ 1,000 = $35 x 2.50 = $87.50.
real property tax is Ohio’s oldest tax. It has been an ad valorem tax – meaning, based on value – since 1825, and the Ohio Constitution has generally required prop erty to be taxed by uniform rule according to value since 1851. The Department of Taxation ensures uniformity through its oversight of the appraisal work of Ohio’s county auditors.
The Ohio Department of Taxation administers most state and several local taxes. It makes assessments, prepares tax forms, provides taxpayer assistance, processes returns, distributes taxes to local government, and more.
The Henry County Auditor is the chief fiscal officer of the county. The Auditor has the responsibility to keep the official record of all county government receipts and disbursements. The Auditor also estimates tax revenue for the commissioners and others.
Property Value Reappraisal and Update Schedule. Under state law and Department of Taxation rules, real property in all counties is reappraised every six years and property values are updated in the third year following each sexennial reappraisal.
