Ohio § 5709.89
Full text of Ohio Ohio Revised Code § 5709.89, with citation guidance and answers to common questions.
§ 5709.89.
(A) As used in this section: (1) “ Indebted subdivision ” means a county, township, or municipal corporation that has accepted a residential
development loan. (2) “Residential development loan” means a loan authorized under section 122.98 of the Revised Code . (B) The legislative authority of an indebted subdivision shall adopt a resolution or
ordinance exempting from real property taxation improvements to each parcel of real
property whose construction commenced as the result of infrastructure whose development,
repair, or upgrade was funded by a residential development loan accepted by the subdivision. The resolution or ordinance shall be adopted and begin to apply in the same tax
year in which such infrastructure is developed, repaired, or upgraded. The resolution or ordinance shall require the owner of the improvements exempted from
taxation to make annual service payments in lieu of taxes to the county treasurer
on or before the final dates for payment of real property taxes. Service payments in lieu of taxes required by a resolution or ordinance adopted
under this section shall be charged and collected in the same manner and in the same
amount as the real property taxes that would have been charged and payable against
the improvements if not for the exemption. Service payment receipts shall be distributed at the same time and in the same manner
as real property tax payments. The entire amount, however, shall be paid to the indebted subdivision. The county treasurer shall maintain a record of the service payments in lieu of
taxes made from property in each indebted subdivision. The indebted subdivision shall use the payments solely to repay the residential development
loan associated with the exempted improvements. An exemption from taxation under this section and the obligation to make service
payments ends beginning for the tax year after the applicable residential development
loan is fully repaid, including any applicable interest. The indebted subdivision shall notify the parcel's owner, the county auditor, and
the county treasurer immediately after the loan is fully repaid of the tax year in
which the exemption and payments are to end.
Frequently Asked Questions About Ohio § 5709.89
What does Ohio Revised Code § 5709.89 cover?
Section 5709.89 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 5709.89?
A common citation format is "Ohio Revised Code § 5709.89" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 5709.89 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.