Effective: October 17, 2019
Latest Legislation: House Bill 166 - 133rd General Assembly
(A) The legislative authority of a municipal corporation, a board of township trustees, or a board of county commissioners may amend an ordinance or resolution adopted in accordance with division (B) of section 5709.40, section 5709.41, division (B) of section 5709.73, or division (A) of section 5709.78 of the Revised Code, as applicable, to extend the exemption from taxation of improvements to the parcel or parcels designated in the ordinance or resolution for an additional period of not more than thirty years if all of the following conditions are met:
(1) The service payments made pursuant to section 5709.42, 5709.74, or 5709.79 of the Revised Code by the owner or owners of the parcel or parcels designated in the ordinance or resolution exceeded one million five hundred thousand dollars in the calendar year preceding the adoption of the amendment.
(2) The service payments described in division (A)(1) of this section did not exceed one million five hundred thousand dollars in any calendar year before the calendar year immediately preceding the adoption of the amendment. This condition applies only to amendments adopted under this section on or after January 1, 2021.
(3) The amendment extending the exemption provides for compensation to the city, local, or exempted village school district in which the parcel or parcels are located equal in value to the amount of taxes that would be payable to the school district if the improvements had not been exempted from taxation for the additional period.
(B) Not later than fifteen days after amending an ordinance or resolution under this section, the legislative authority of the municipal corporation, board of township trustees, or board of county commissioners shall send a copy of the amendment to the director of development services.
Structure Ohio Revised Code
Chapter 5709 | Taxable Property - Exemptions
Section 5709.01 | Taxable Property Entered on General Tax List and Duplicate.
Section 5709.02 | Taxable Property to Be Entered on Classified Tax List and Duplicate.
Section 5709.03 | Fixing Situs of Certain Classes of Property Within or Without This State.
Section 5709.04 | Exemption of Intangible Property.
Section 5709.041 | Exemption of Certain Deposits.
Section 5709.05 | When Former Public Lands Become Taxable.
Section 5709.07 | Exemption of Schools, Churches, and Colleges.
Section 5709.08 | Exemption of Government and Public Property.
Section 5709.081 | Exempting Public Recreational Facility Used for Athletic Events.
Section 5709.083 | Exemption for Eligible County Projects.
Section 5709.084 | Exemption of Convention Centers.
Section 5709.09 | Exemption of Nature Preserves and Environmental Projects.
Section 5709.10 | Exemption of Public Property.
Section 5709.101 | Exemptions for Certain Real Property.
Section 5709.11 | Exemption of Municipal Utility Works.
Section 5709.112 | Exemption of Tangible Personal Property Used in Oil or Gas Recovery.
Section 5709.12 | Exemption of Property Used for Public or Charitable Purposes.
Section 5709.121 | Exclusive Charitable or Public Purposes Defined.
Section 5709.13 | Exemption of Property Used as Children's Homes.
Section 5709.14 | Exemption of Graveyards.
Section 5709.15 | Exemption of Veterans Funds and Monuments.
Section 5709.16 | Exemption of Monuments and Memorials.
Section 5709.18 | Exemption of Prehistoric Earthworks or Historic Buildings.
Section 5709.19 | Deduction for Domestic Animals.
Section 5709.20 | Air Pollution Control Facility - Noise Pollution Control Facility Definitions.
Section 5709.201 | Continuation of Certificates.
Section 5709.21 | Air or Noise Pollution Control Certificate.
Section 5709.211 | Opinion of a Director Required Before Issuance of Exempt Facility Certificate.
Section 5709.212 | Fees for Exempt Facility Certificate.
Section 5709.22 | Tax Commissioner - Powers and Duties.
Section 5709.24 | Tax Commissioner to Adopt Rules.
Section 5709.25 | Exemption of Pollution Control Facilities.
Section 5709.26 | Revocation of Certificate Due to Fraud or Misrepresentation - Penalties.
Section 5709.27 | Transfer of Exemption Certificate.
Section 5709.28 | Percentage of Taxable Value of Agricultural Security Area Land May Be Exempt.
Section 5709.40 | Declaration That Improvements Constitute Public Purpose - Blighted Areas.
Section 5709.41 | Declaration That Improvements Constitute Public Purpose.
Section 5709.411 | Declaration That Improvements Constitute Public Purpose - Detached Areas.
Section 5709.42 | Annual Service Payments in Lieu of Taxes.
Section 5709.44 | Foreign Trade Zone Exemption.
Section 5709.45 | Downtown Redevelopment Districts.
Section 5709.46 | Annual Service Payments in Lieu of Taxes.
Section 5709.47 | Municipal Downtown Redevelopment District Fund.
Section 5709.48 | Transportation Financing Districts; Creation.
Section 5709.481 | Voluntary Assessments.
Section 5709.49 | Service Payments.
Section 5709.50 | Regional Transportation Improvement Project Fund.
Section 5709.51 | Extension of Exemption From Taxation of Improvements.
Section 5709.55 | Grape Products - Personal Property Exemption.
Section 5709.57 | Agreements With Qualifying Athletic Complexes.
Section 5709.61 | Enterprise Zone Definitions.
Section 5709.62 | Designation of Enterprise Zones by Municipal Corporations.
Section 5709.63 | Designation of Enterprise Zones by Counties.
Section 5709.631 | Requirements for Agreements.
Section 5709.632 | Designation of Enterprise Zones by Central City of Metropolitan Statistical Area.
Section 5709.633 | Enterprise Relocating From Another Ohio Location.
Section 5709.634 | Waiver of Retail Facilities Exclusion.
Section 5709.64 | Applying for Tax Incentive Qualification Certificate.
Section 5709.65 | Entitlement to Tax Incentives.
Section 5709.66 | Applying for Employee Tax Credit Certificate.
Section 5709.67 | Duties of Director of Development and Tax Commissioner.
Section 5709.671 | Policy of Retaining Existing or Creating New Employment Opportunities.
Section 5709.68 | Report on All Agreements in Effect.
Section 5709.69 | Notice of Intent to Relocate.
Section 5709.71 | Exemption of Port Authority Property Leased to Railroad - Annual Payments.
Section 5709.72 | Exemption for Library Technology Development.
Section 5709.73 | Exemption for Increase in Property Value Due to Public Infrastructure Improvement.
Section 5709.74 | Annual Service Payments in Lieu of Taxes.
Section 5709.75 | Township Public Improvement Tax Increment Equivalent Fund.
Section 5709.76 | Exempting Public Obligations and Purchase Obligations.
Section 5709.77 | County Public Infrastructure Improvement Definitions.
Section 5709.79 | Annual Service Payments in Lieu of Taxes.
Section 5709.80 | Redevelopment Tax Equivalent Fund.
Section 5709.81 | County Bonds or Notes to Finance Public Infrastructure Improvement.
Section 5709.82 | Compensating School District for Revenues Lost Due to Tax Exemptions.
Section 5709.83 | Notifying School District of Proposed Tax Exemption.
Section 5709.831 | Reimbursing Local Taxing Authorities.
Section 5709.84 | Exemption for Local Railroad Operation.
Section 5709.85 | Tax Incentive Review Council.
Section 5709.86 | Exemption for Abandoned School Property.
Section 5709.87 | Exempting Increase in Assessed Value of Realty Cleaned of Contamination.
Section 5709.88 | Tax Incentives to Promote Employment and Improve Economic Climate.
Section 5709.881 | Local Agreements.
Section 5709.882 | Report of Local Agreements.
Section 5709.883 | Tax Incentive Review Council - Cleanup of Contamination.
Section 5709.91 | Service Payments in Lieu of Taxes.
Section 5709.911 | Exemptions.
Section 5709.912 | Administrative Rules.
Section 5709.916 | Concurrent Municipal Tax Increment Financing Exemptions.