2006 Ohio Revised Code - [4503.06.5] 4503.065.Reduction in assessable value for certain owners.

[§ 4503.06.5] § 4503.065. Reduction in assessable value for certain owners.
 

(A)  This section applies to any of the following: 

(1) An individual who is permanently and totally disabled; 

(2) An individual who is sixty-five years of age or older; 

(3) An individual who is the surviving spouse of a deceased person who was permanently and totally disabled or sixty-five years of age or older and who applied and qualified for a reduction in assessable value under this section in the year of death, provided the surviving spouse is at least fifty-nine but not sixty-five or more years of age on the date the deceased spouse dies. 

(B) (1)  The manufactured home tax on a manufactured or mobile home that is paid pursuant to division (C) of section 4503.06 of the Revised Code and that is owned and occupied as a home by an individual whose domicile is in this state and to whom this section applies, shall be reduced for any tax year for which the owner obtains a certificate of reduction from the county auditor under section 4503.067 [4503.06.7] of the Revised Code, provided the individual did not acquire ownership from a person, other than the individual's spouse, related by consanguinity or affinity for the purpose of qualifying for the reduction in assessable value. An owner includes a settlor of a revocable inter vivos trust holding the title to a manufactured or mobile home occupied by the settlor as of right under the trust. The reduction shall equal the amount obtained by multiplying the tax rate for the tax year for which the certificate is issued by the reduction in assessable value shown in the following schedule.       
 
Total Income                 Reduce Assessable Value
by the
                             Lesser of:
Column A
                                       Column B
$11,900 or less              $5,000 or seventy-five per cent
More than $11,900 but
not more than $17,500        $3,000 or sixty per cent
More than $17,500 but
not more than $23,000        $1,000 or twenty-five per cent
More than $23,000            -0-
 

(2) Each calendar year, the tax commissioner shall adjust the foregoing schedule by completing the following calculations in September of each year: 

(a) Determine the percentage increase in the gross domestic product deflator determined by the bureau of economic analysis of the United States department of commerce from the first day of January of the preceding calendar year to the last day of December of the preceding calendar year; 

(b) Multiply that percentage increase by each of the total income amounts, and by each dollar amount by which assessable value is reduced, for the ensuing tax year; 

(c) Add the resulting product to each of the total income amounts, and to each of the dollar amounts by which assessable value is reduced, for the ensuing tax year; 

(d) (i) Except as provided in division (B)(2)(d)(ii) of this section, round the resulting sum to the nearest multiple of one hundred dollars; 

(ii) If rounding the resulting sum to the nearest multiple of one hundred dollars under division (B)(2)(d)(i) of this section does not increase the dollar amounts by which assessable value is reduced, the resulting sum instead shall be rounded to the nearest multiple of ten dollars. 

The commissioner shall certify the amounts resulting from the adjustment to each county auditor not later than the first day of December each year. The certified amounts apply to the second ensuing tax year. The commissioner shall not make the adjustment in any calendar year in which the amounts resulting from the adjustment would be less than the total income amounts, or less than the dollar amounts by which assessable value is reduced, for the ensuing tax year. 

(C)  If the owner or the spouse of the owner of a manufactured or mobile home is eligible for a homestead exemption on the land upon which the home is located, the reduction in assessable value to which the owner or spouse is entitled under this section shall not exceed the difference between the reduction in assessable value to which the owner or spouse is entitled under column A of the above schedule and the amount of the reduction in taxable value that was used to compute the homestead exemption. 

(D)  No reduction shall be made on the assessable value of the home of any person convicted of violating division (C) or (D) of section 4503.066 [4503.06.6] of the Revised Code for a period of three years following the conviction. 
 

HISTORY: 141 v H 182 (Eff 3-13-87); 144 v H 66 (Eff 7-11-91); 144 v H 641 (Eff 10-6-92); 146 v H 117 (Eff 6-30-95); 147 v S 142 (Eff 3-30-99); 148 v S 6 (Eff 8-12-99); 149 v S 200. Eff 9-6-2002; 150 v H 127, § 1, eff. 3-11-04.
 

The provisions of § 10, H.B. 127 (150 v  - ), read as follows: 

SECTION 10. * (B) The amendment by this act of section 4503.065 of the Revised Code applies to taxes levied in 2005 and thereafter. 

 

Effect of Amendments

H.B. 127, Acts 2003, effective March 11, 2004, added (B)(2)(d)(ii); and inserted the exception at the beginning of (B)(2)(d)(i).