OHIO STATE TAXES - Ohio Income, Property, Rates, Sales Tax
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Information on taxes in the State of Ohio for Income Tax, Sales Tax Use Tax and Property Tax.
Income Tax - There are 9 income tax brackets for Ohio.
Earn between $0 and $5,000, your tax rate is 0.587%.
Earn between $5,001 and $10,000, your tax rate is 1.174%.
Earn between $10,001 and $15,000, your tax rate is 2.348%.
Earn between $15,001 and $20,000, your tax rate is 2.935%.
Earn between $20,001 and $40,000, your tax is 3.521%.
Earn between $40,001 and $80,000, your tax rate is 4.109%.
Earn between $80,001 and $100,000, your tax is 4.695%.
Earn between $100,001 and $200,000, your tax rate is 5.451%.
Earn $200,001 and over, your tax rate is 5.925%.
April 15th is generally the filing deadline for the Iowa state income tax and federal income tax. Mailing address: Taxpayer Services Division - 800 Freeway Drive North, Columbus, OH43229. For more income tax information, visit the website at Ohio Department of Taxation:
Several cities levy municipal income taxes. In addition, Ohio has many jurisdictions has a school district income tax levy that is separate from federal, state and municipal income taxes.
Sales Tax - The state sales tax rate is 5.5 percent. In addition, counties and regional transit authorities also may levy sales tax in multiples of 0.25 percent. The total combined rate of state, county and transit authority may not exceed 8.5 percent.
Use Tax - A use tax is similar to a sales tax in its application. If you are making regular purchases out of the State of Ohio as example through mail order, this tax may apply to you. One of the main reasons for the use tax is to protect Ohio vendors from unfair competition from out-of-state sellers.
Property Taxes: Ohio is ranked 27thin the United States for Collections per capita which is $1,178 (Based upon 2008 figures). Ohio is one of the 37 states that collect property taxes at both the state and local levels which most of the tax levy is at the local level.
The property tax rates in Ohio include all the levies imposed by the state legislative. The property tax rates are different at each taxing jurisdiction depending on the budget needs and services provided. There are different types of jurisdiction authorities like county, school districts, municipal corporations and townships. The good news is the governmental units in Ohio can't impose any kind of property tax, which exceeds 1% of the true value of property.
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