2006 Ohio Revised Code - [5727.11.1] 5727.111.Assessment at percentages of true value.

[§ 5727.11.1] § 5727.111. Assessment at percentages of true value.
 

The taxable property of each public utility, except a railroad company, and of each interexchange telecommunications company shall be assessed at the following percentages of true value: 

(A) Fifty per cent in the case of the taxable transmission and distribution property of a rural electric company, and twenty-five per cent for all its other taxable property; 

(B) In the case of a telephone or telegraph company, twenty-five per cent for taxable property first subject to taxation in this state for tax year 1995 or thereafter for tax years before tax year 2007, and pursuant to division (H) of section 5711.22 of the Revised Code for tax year 2007 and thereafter, and the following for all other taxable property: 

(1) For tax years prior to 2005, eighty-eight per cent; 

(2) For tax year 2005, sixty-seven per cent; 

(3) For tax year 2006, forty-six per cent; 

(4) For tax year 2007 and thereafter, pursuant to division (H) of section 5711.22 of the Revised Code. 

(C) Twenty-five per cent in the case of a natural gas company. 

(D) Eighty-eight per cent in the case of a pipe-line, water-works, or heating company; 

(E) (1) For tax year 2005, eighty-eight per cent in the case of the taxable transmission and distribution property of an electric company, and twenty-five per cent for all its other taxable property; 

(2) For tax year 2006 and each tax year thereafter, eighty-five per cent in the case of the taxable transmission and distribution property of an electric company, and twenty-four per cent for all its other taxable property. 

(F) (1) Twenty-five per cent in the case of an interexchange telecommunications company for tax years before tax year 2007; 

(2) Pursuant to division (H) of section 5711.22 of the Revised Code for tax year 2007 and thereafter. 

(G) Twenty-five per cent in the case of a water transportation company. 
 

HISTORY: 143 v S 156 (Eff 12-31-89); 143 v S 257 (Eff 9-26-90); 145 v H 715 (Eff 7-22-94); 146 v H 117 (Eff 9-29-95); 147 v H 215 (Eff 6-30-97); 148 v H 283 (Eff 9-29-99); 148 v S 3 (Eff 10-5-99); 148 v H 640 (Eff 6-15-2000); 148 v S 287. Eff 12-21-2000; 150 v H 95, § 1, eff. 6-26-03; 151 v H 66, § 101.01, eff. 6-30-05.
 

The effective date is set by § 612.21 of 151 v H 66. 

The effective date is set by section 183 of H.B. 95 (150 v  - ). 

 

Effect of Amendments

151 v H 66, effective June 30, 2005, rewrote the section.