Report of the Committee to Study State and Local Taxes - Ohio ...
Report of the Committee to Study State and Local Taxes - Ohio ...
Report of the Committee to Study State and Local Taxes - Ohio ...
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Overview: School District<br />
Income Tax<br />
• Authorized in 1982; repealed with<br />
gr<strong>and</strong>fa<strong>the</strong>r in 1983; re-enacted in 1989<br />
• Currently levied by 123 school districts,<br />
typically rural, with exceptions<br />
• Levied only on residents<br />
• Uses state income tax law as a starting point<br />
• Administered by <strong>the</strong> <strong>Ohio</strong> Department <strong>of</strong><br />
Taxation<br />
Property Taxation Overview<br />
• Two basic types <strong>of</strong> property- real <strong>and</strong><br />
tangible<br />
• Real property consists <strong>of</strong> l<strong>and</strong> <strong>and</strong> buildings<br />
• Tangible property consists <strong>of</strong> machinery,<br />
equipment, inven<strong>to</strong>ries, furniture, <strong>and</strong><br />
fixtures used in business<br />
26