Ohio Administrative Code › Title 5703 - Department of Taxation › Chapter 5703-25 - Equalization - Appraisals › Section 5703-25-45 - Tax reduction factor; computation; minimum for schools

Current through all regulations passed and filed through July 1, 2024
(A) As used in
			 rules 5703-25-45 to
			 5703-25-49
			 of the Administrative Code:
(1) "Tax reduction
			 factor" means the percentage reduction in each real property tax levy of each
			 taxing unit for each class of real property for which a reduction is required
			 and computed under section
			 319.301 of the Revised Code and
			 this rule.
(2) "Emergency school
			 levy" means a tax authorized under section
			 5705.194 of the Revised Code.
(3) "Taxes charged and payable"
			 means the amounts for the current year remaining after the reduction required
			 under section 319.301 of the Revised Code but
			 prior to any reduction required under section
			 319.302 of the Revised Code. It
			 does not include assessments, recoupment charges imposed under section
			 5713.34 of the Revised Code,
			 taxes charged for a prior year, or penalties and interest on delinquent
			 taxes.
(4) "Carryover property"
			 means all real property on the current year's tax list except:
(a) Land and improvements that were not taxed
			 by the district in both the preceding year and the current year;
(b) Land and improvements that were not taxed
			 in the same class in both the preceding year and the current year;
(c) Land and improvements that were exempt
			 from taxation under a statute granting exemption or abatement from taxation in
			 the preceding year and which are included on the tax list in the current
			 year.
(5) "Real
			 property" means real property as defined in section
			 5701.02 of the Revised Code and
			 includes real property owned by a railroad or other public utility.
(6) "Taxing unit" means a political
			 subdivision of the state authorized by statute to levy taxes on real
			 property.
(7) "Taxing district"
			 means a municipal corporation or township, or part thereof, in which the
			 aggregate rate of taxation, as expressed in mills, is uniform.
(8) "Net taxes" means the taxes charged and
			 payable for a tax year. In the case of a school district or a joint vocational
			 school district, the net taxes of a prior year equal the taxes charged and
			 payable for that year after the reductions required under section
			 319.301 of the Revised Code,
			 including any adjustment required for the district under division (E) of that
			 section and paragraph (E) or (F) of this rule. In the case of a tax levy for
			 which an estimated tax reduction factor is used pursuant to division (H) of
			 section 319.301 of the Revised Code and
			 paragraph (A) of rule
			 5703-25-48
			 of the Administrative Code, the net taxes of a prior year excludes the amount
			 of taxes attributable to any portion of the tax reduction factors used in that
			 year to adjust for an overpayment or underpayment of taxes in the second
			 preceding year caused by the use of such estimated factors.
(9) "Replacement levy" means a tax levied by
			 a joint vocational school district under section
			 3311.21 of the Revised Code or a
			 tax levied for emergency medical service under section
			 5705.191 of the Revised Code and
			 designated as a replacement levy in the ballot language used to submit the levy
			 for voter approval. A replacement levy cannot be submitted for any other
			 purpose.