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Updated about 7 years ago on . Most recent reply

User Stats

707
Posts
560
Votes
Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
560
Votes |
707
Posts

Ohio Property Taxes Question

Stone Jin
  • Rental Property Investor
  • Chandler AZ and Sylvania, OH
Posted

Hello all,

We are looking to start buying and holding residential SFH in Ohio. I have a question on the property tax and how it is calculated. Looking at the county assessor website, there is a top number then there are a number of deductions and then a final number. My question is that which of the deduction are still applicable to the investor. Column1 is 1st half and column 2 is second half.

I assume that house bill 920 is always in affect, non business credit will be applied if I don't purchase the propety in LLC otherwise if I do that that deduction will be removed, and I assume that owner occupied will be removed regardless how I take title as long as I use it as a rental. Thanks in advance

Example

Tax Year 2017:
General:1,705.871,705.87
House Bill 920:-502.09-502.09
Non-Business Credit:-102.95-102.95
Owner Occupied Credit:-25.72-25.72
Homestead Reduction:0.000.00
Net General:1,075.111,075.11

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