Sec. 319.302. (A)(1) Real property that is not intended | 8 |
primarily for use in a business activity shall qualify for a | 9 |
partial exemption from real property taxation. For purposes of | 10 |
this partial exemption, "business activity" includes all uses of | 11 |
real property, except farming; leasing property for farming; | 12 |
occupying or holding property improved with single-family, | 13 |
two-family, or three-family dwellings; leasing property improved | 14 |
with single-family, two-family, or three-family dwellings; or | 15 |
holding vacant land that the county auditor determines will be | 16 |
used for farming or to develop single-family, two-family, or | 17 |
three-family dwellings. For purposes of this partial exemption, | 18 |
"farming" does not include land used for the commercial production | 19 |
of timber that is receiving the tax benefit under section 5713.23 | 20 |
or 5713.31 of the Revised Code and all improvements connected with | 21 |
such commercial production of timber. | 22 |
(B) After complying with section 319.301 of the Revised Code, | 27 |
the county auditor shall reduce the remaining sums to be levied by | 28 |
qualifying levies against each parcel of real property that is | 29 |
listed on the general tax list and duplicate of real and public | 30 |
utility property for the current tax year and that qualifies for | 31 |
partial exemption under division (A) of this section, and against | 32 |
each manufactured and mobile home that is taxed pursuant to | 33 |
division (D)(2) of section 4503.06 of the Revised Code and that is | 34 |
on the manufactured home tax list for the current tax year, by ten | 35 |
per cent, to provide a partial exemption for that parcel or home. | 36 |
For the purposes of this division: | 37 |
(C) Except as otherwise provided in sections 323.152, | 47 |
323.158, 505.06, and 715.263 of the Revised Code, the amount of | 48 |
the taxes remaining after any such reduction shall be the real and | 49 |
public utility property taxes charged and payable on each parcel | 50 |
of real property, including property that does not qualify for | 51 |
partial exemption under division (A) of this section, and the | 52 |
manufactured home tax charged and payable on each manufactured or | 53 |
mobile home, and shall be the amounts certified to the county | 54 |
treasurer for collection. Upon receipt of the real and public | 55 |
utility property tax duplicate, the treasurer shall certify to the | 56 |
tax commissioner the total amount by which the real property taxes | 57 |
were reduced under this section, as shown on the duplicate. Such | 58 |
reduction shall not directly or indirectly affect the | 59 |
determination of the principal amount of notes that may be issued | 60 |
in anticipation of any tax levies or the amount of bonds or notes | 61 |
for any planned improvements. If after application of sections | 62 |
5705.31 and 5705.32 of the Revised Code and other applicable | 63 |
provisions of law, including divisions (F) and (I) of section | 64 |
321.24 of the Revised Code, there would be insufficient funds for | 65 |
payment of debt charges on bonds or notes payable from taxes | 66 |
reduced by this section, the reduction of taxes provided for in | 67 |
this section shall be adjusted to the extent necessary to provide | 68 |
funds from such taxes. | 69 |
(b) If the person received a reduction under division (A) of | 100 |
this section for tax year 2013 or under section 4503.065 of the | 101 |
Revised Code for tax year 2014 or the person is the surviving | 102 |
spouse of such a person and the surviving spouse is at least | 103 |
fifty-nine years of age on the date the deceased spouse dies, the | 104 |
amount computed under division (A)(3) of this section. For | 105 |
purposes of divisions (A)(2)(b) and (c) of this section, a person | 106 |
receives a reduction under division (A) of this section or under | 107 |
section 4503.065 of the Revised Code for tax year 2013 or 2014, | 108 |
respectively, if the person files a late application for that | 109 |
respective tax year that is approved by the county auditor under | 110 |
section 323.153 or 4503.066 of the Revised Code. | 111 |
(B) To provide a partial exemption, real property taxes on | 155 |
any homestead, and manufactured home taxes on any manufactured or | 156 |
mobile home on which a manufactured home tax is assessed pursuant | 157 |
to division (D)(2) of section 4503.06 of the Revised Code, shall | 158 |
be reduced for each year for which an application for the | 159 |
reduction has been approved. The amount of the reduction shall | 160 |
equal two and one-half per cent of the amount of taxes to be | 161 |
levied by qualifying levies on the homestead or the manufactured | 162 |
or mobile home after applying section 319.301 of the Revised Code. | 163 |
For the purposes of this division, "qualifying levy" has the same | 164 |
meaning as in section 319.302 of the Revised Code. | 165 |
(D) The reductions in taxable value referred to in this | 172 |
section shall be applied solely as a factor for the purpose of | 173 |
computing the reduction of taxes under this section and shall not | 174 |
affect the total value of property in any subdivision or taxing | 175 |
district as listed and assessed for taxation on the tax lists and | 176 |
duplicates, or any direct or indirect limitations on indebtedness | 177 |
of a subdivision or taxing district. If after application of | 178 |
sections 5705.31 and 5705.32 of the Revised Code, including the | 179 |
allocation of all levies within the ten-mill limitation to debt | 180 |
charges to the extent therein provided, there would be | 181 |
insufficient funds for payment of debt charges not provided for by | 182 |
levies in excess of the ten-mill limitation, the reduction of | 183 |
taxes provided for in sections 323.151 to 323.159 of the Revised | 184 |
Code shall be proportionately adjusted to the extent necessary to | 185 |
provide such funds from levies within the ten-mill limitation. | 186 |