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- A rendition is a form that allows you to self-report your business personal property to the County Appraisal District. The County uses this information to help estimate the market value of your property for taxation purposes.
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If you are engaged in business in Ohio and have property located in Ohio on January 1 (and have a total listed value of more than $10,000), you must file a return. What forms must be filed? Form 920, County Return of Taxable Business Property, and form 921, Ohio Balance Sheet, must be filed in duplicate. Other forms, described later, may
The general taxation of tangible personal property in Ohio can be traced back to 1846, when the Ohio General Assembly enacted a law requiring that all property in Ohio be taxed by uniform rule. Since 1931, state law has limited the tax to machinery, inventory, furniture, fixtures and other tangible
Jul 5, 2021 · In most cases, it is moveable and does not last as long as real property. And what is a personal property tax rendition? A “rendition” is simply a report that lists all the inventory and assets your business owns (other than real estate) as of a certain date each year.
Apr 25, 2023 · A personal property rendition is a report that lists all business assets (personal property) that are subject to personal property tax, which is typically all tangible personal property unless a specific exemption applies.
Oct 3, 2016 · (A) As required by section 5713.041 of the Revised Code, the county auditor shall classify each parcel of taxable real property in the county into one of the two following classifications, which are: (1) Residential and agricultural land and improvements;
In tax year 2008 (bills payable during 2009), the assessed valuation of real property in Ohio was about $241.1 billion ($689 billion in appraised true value), an increase of approxi mately 2.2 percent from 2007.
March 31 is the deadline for property owners to challenge the county's assessment of their property values. The process can be more complex than many expect. The Bluestone Law Group provides an overview of why and how property values and taxes may be appealed.
