In Ohio, if a property owner fails to pay property taxes, a penalty is imposed. When does Ohio begin adding penalties and interest to delinquent property taxes?
Correct Answer
C) Immediately on the day after the due date
Under Ohio law (ORC §323.121), penalties begin accruing on the day after the property tax payment deadline. Ohio imposes a penalty on delinquent taxes that increases over time, plus interest charges on the unpaid balance.
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Previous Question
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:
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A real estate agent in Richland County, Ohio is explaining to her client that the 10-mill limitation in Ohio restricts unvoted property tax millage. However, the client's actual tax bill shows 95 mills. The agent BEST explains this by stating: