Starting September 1, 2013, the Ohio Sales Tax rate will increase while state withholding taxes will decrease. The changes are part of Ohio’s two-year budget that was approved earlier this summer. The Ohio Department of Taxation analyzed how both an income tax rate decrease at 8.5 percent and the sales tax increase would affect Ohio […]
Homestead Tax Exemption Deadline Extended to December 31
Marion County residents now have until the end of the year to apply for the 2013 homestead tax exemption, before qualifications change under the new state-budget law, according to Marion County Auditor, Joan M. Kasotis. The deadline is extended to December 31, 2013 to give eligible residents time to apply before the $30,000 maximum-income requirement […]
Ohio’s Rainy Day Fund Hits All-Time High
Ohio’s rainy day fund has hit an all-time high. Gov. John Kasich on Thursday filled the account with a deposit of nearly $996 million, bringing the total to $1.48 billion. The deposit, made possible by a nearly $2 billion surplus in Ohio’s General Revenue Fund, marks the first time in more than a decade that […]
Governor Signs Budget, Leaves New Abortion Rules
Ohio’s next two-year budget is a done deal. Gov. John Kasich on Sunday evening signed controversial House Bill 59, a nearly $62 billion plan that attempts to spur economic growth while restricting reproductive rights. The Republican governor used his line-item veto to ditch a provision that would bar the state from expanding Medicaid, but held […]
State Budget Heads to Governor for Signature
The fate of Ohio’s next two-year budget is now up to Gov. John Kasich. The House and Senate each voted Thursday to send to the governor a final version of House Bill 59 that includes a sales tax boost, an income tax cut and a trio of contentious anti-abortion provisions that have become a focal […]
Republican State Budget Proposal Calls for Higher Sales Tax, Lower Income Tax
Republican leaders of the Ohio House and Senate on Thursday announced they had agreed to a major tax overhaul as part of the state’s two-year budget. The new plan — the sixth major iteration of the state’s next two-year budget — would raise the 5.5 percent sales tax to 5.75 percent. The latest package also […]
After Passing Senate, Next Ohio Budget Headed to Conference Committee
Senate Republicans on Thursday throttled Democratic attempts to amend the state’s two-year budget before voting in favor of a version aimed at giving a boost to small businesses and schools and clamping down on abortion providers. A 23-10 party-line vote, which followed a daylong debate, sent the bill to a conference committee, where members from […]
Ohio Senate’s Budget Includes Small Business Tax Cut
Senate lawmakers on Tuesday unveiled their revamped version of Ohio’s two-year budget, resurrecting Gov. John Kasich’s $1.4 billion tax cut for small-business owners. But — like the versions the House and Kasich rolled out earlier this year — everything is subject to change. Senators reintroduced the 50 percent tax cut for small-business owners Kasich proposed […]
Local Real Estate Tax Bills Mailed, Due June 20
Second half 2012 real estate tax bills were mailed today and are due Thursday, June 20, 2013 to avoid penalty according to Marion County Treasurer, Jan Draper. Taxpayers who have not received their tax bills by Friday, June 7th are urged to call the Treasurer’s Office at 223-4030, Monday through Friday, 8:30am to 4:30pm. Taxpayers […]
Deadline Nears to Apply for Property Tax Break
Marion County Auditor Joan Kasotis is reminding Marion County taxpayers that the deadline for applying for both real estate and manufactured home tax savings through the Homestead Program is Monday, June 3, 2013. This program provides a tax relief to homeowners who are either 65 years of age and older, or permanently disabled, and own […]