As used in this rule and rule
5703-25-47
of the Administrative Code, "composite tax reduction factor" means the total
percentage reduction in the taxes charged against each tract, lot, or parcel in
a given class of real property located in a given taxing district provided
under section 319.301 of the Revised Code and
rule
5703-25-45
of the Administrative Code.
(A) At the
time the county auditor submits the abstract of real property as required under
section 5715.23 of the Revised Code, the
auditor shall furnish the information required by the tax commissioner to
compute the tax reduction factors or adjustments under divisions (D) and (E) of
section 319.301 of the Revised Code. The
auditor shall supplement this information as requested by the commissioner, or
by the last day of November if a tax approved at the November election is to be
extended on the current year's tax list and duplicate.
(B)
(1)
Upon receiving the necessary information from the auditor the commissioner
shall determine the tax reduction factor for each tax for each class of real
property as required under rule
5703-25-45
of the Administrative Code. The commissioner shall certify the tax reduction
factors to the county auditor and the county treasurer as soon as the
commissioner determines them.
(2)
In addition, for each class of real property, the commissioner shall determine
a composite tax reduction factor for each taxing district as provided in
paragraph (C) of this rule. The commissioner shall certify the composite tax
reduction factors to the county auditor and the county treasurer as soon as he
determines them.
(C) The
purpose of the composite tax reduction factor computed under this paragraph is
to provide a total percentage reduction in taxes to be applied uniformly to the
real property in each class of real property in a taxing district for the
collection of taxes only.
The commissioner shall compute the composite tax reduction
factor for each class of real property in each taxing district as
follows:
(1) Multiply each tax
reduction factor applied to a tax levied for the current year in the district
by a quotient, the numerator of which is the number of tax mills of the levy to
which that factor applies and the denominator of which is the total number of
mills levied on the district;
(2)
Cumulate the products obtained in paragraph (C)(1) of this rule. The sum
obtained in this paragraph is the composite tax reduction factor.
(D) In preparing the tax list and
duplicate, the county auditor shall extend on the tax list and duplicate the
composite tax reduction factor for all property in each class of real property
in a taxing district certified under paragraph (B)(2) of this rule for that
class in that taxing district.
(E)
In preparing the tax bill required under section
323.131 of the Revised Code, the
county treasurer shall use the composite tax reduction factor certified under
paragraph (B)(2) of this rule for the appropriate class of real property and
taxing district. The treasurer shall certify to the commissioner a list of the
composite tax reduction factors actually used on the tax bills sent pursuant to
section 323.13 of the Revised
Code.
(F) No county auditor shall
use a composite tax reduction factor other than the composite tax reduction
factor certified to the auditor under paragraph (B)(2) of this rule, and no
county treasurer shall prepare a tax bill using a composite tax reduction
factor other than the appropriate composite tax reduction factor certified to
the treasurer under paragraph (B)(2) of this rule.
(G) If a tax reduction factor or composite
tax reduction factor appears to be illegal or erroneous, the county auditor
shall notify the tax commissioner, who shall recompute the factor and certify
it to the county auditor as provided in paragraph (B)(2) of this rule.