In Ohio, the property tax bill shows both a 'gross tax' and a 'net tax' for a residential homeowner. The net tax is ALWAYS:
Correct Answer
D) Lower than or equal to the gross tax due to state-funded credits and rollbacks
For qualifying residential properties, the net tax is lower than the gross tax because Ohio applies state-funded credits including the 10% non-business property rollback and the 2.5% owner-occupancy credit. These reduce the amount actually owed by the homeowner.
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