Under Ohio property tax law, all of the following types of property are generally exempt from ad valorem taxation EXCEPT:
Correct Answer
A) Property owned by a for-profit corporation used as its corporate headquarters
For-profit corporate property used as a corporate headquarters is not exempt from Ohio property taxes. Only property used for governmental, religious, educational, or charitable purposes by qualifying organizations receives exemption under Ohio law.
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In Ohio, the reappraisal of all real property on a full sexennial cycle means properties are fully reappraised every:
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A buyer in Clermont County, Ohio is reviewing the property tax bill for a home she is considering purchasing. She notices a 'rollback' credit on the bill. In Ohio, the owner-occupancy tax credit (rollback) provides: