Ohio Admin. Code 5703-25-18 - Partial exemption from real property tax
(A) Real property that is not intended
primarily for use in a business activity shall qualify for a partial exemption
from real property taxation pursuant to section
319.302 of the Revised Code. For
purposes of this partial exemption, "business activity" includes all uses of
real property, except:
(1) Farming;
(2) Leasing property for farming;
(3) Occupying or holding property improved
with single-family, two-family, or three-family dwellings;
(4) Leasing property improved with
single-family, two-family, or three-family dwellings; and
(5) Holding vacant land that the county
auditor determines will be used for farming or to develop single-family,
two-family, or three-family dwellings.
(B) For purposes of this partial exemption,
"farming" does not include land used for the commercial production of timber
that is receiving the tax benefit under section
5713.23 or
5713.31 of the Revised Code and
all improvements connected with such commercial production of timber.
(C) In determining whether real property is
qualified for the partial exemption, each separate parcel of real property
shall be classified according to its principal and current use, and each vacant
parcel of land shall be classified in accordance with its location and its
highest and best probable legal use. In the case where a single parcel has
multiple uses the principal use shall be the use to which the greatest
percentage of the value of the parcel is devoted.
(D) In determining whether real property is
qualified for the partial exemption, the county auditor shall be guided by the
property record of taxable real property coded in accordance with the code
groups provided for in paragraph (C) of rule
5703-25-10
of the Administrative Code.
Notes
Promulgated Under: 119
Statutory Authority: 5703.05
Rule Amplifies: 319.302, 5713.23, 5713.31
Prior Effective Dates: 12/15/2005, 09/11/2017
Promulgated Under: 119
Statutory Authority: 5703.05
Rule Amplifies: 319.302, 5713.31, 5713.23
Prior Effective Dates: 12/15/2005
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