An Ohio municipality has a Joint Economic Development Zone (JEDZ) agreement with an adjacent township. A commercial property in the JEDZ generates income tax revenue that is shared between the two jurisdictions. Regarding property taxes in the JEDZ, which statement is correct?
Correct Answer
B) Property taxes in the JEDZ are collected normally by the County Treasurer; the JEDZ primarily affects income tax sharing, not property taxation
A JEDZ (ORC §715.72) is primarily an income tax sharing arrangement between a municipality and township. Property taxes within the JEDZ continue to be assessed and collected through the normal county process. The JEDZ does not alter property tax assessment or collection procedures.
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