House Bill 66 has eliminated the need for filing the County Return of Taxable Business Property forms by reducing the “Listed Value” percentage in the “True Value” computation to zero. House Bill 66 did not eliminated the need to file any prior year returns that may have been missed.
It also did not eliminate your responsibility for any taxes already charged and still unpaid. Personal Property Tax collections are distributed by the County Auditor to the local jurisdictions, e.g county governments, municipalities, townships, school districts and special districts according to the allocated value times the total millage levied by each jurisdiction. Approximately 70% of the collected revenue is allocated to primary and secondary education.
The County Treasurer is currently in contact with the Ohio Attorney General to collect the Tangible Personal Property Tax delinquencies still being carried on the Coshocton County tax lists.