Ohio § 5719.041

§ 5719.041.

If the payment of a general personal property or classified property tax is not made

on or before the last day prescribed by section 5719.03 or 5719.031 of the Revised Code , an interest charge shall begin to accrue and shall continue until all charges are

paid, except that no interest charge shall accrue for or in the month in which such

payment was due under such section or under the circumstances and for the period described

in division (A)(2) of section 5711.33 of the Revised Code or upon delinquent taxes that are the subject of a delinquent tax contract entered

into pursuant to section 5719.05 of the Revised Code . The interest charge shall accrue against the balance of such taxes and any penalty

thereon outstanding that remains unpaid on the last day of each month and shall be

at the rate per calendar month, rounded to the nearest one-hundredth of one per cent,

equal to one-twelfth of the federal short-term rate determined by the tax commissioner

under section 5703.47 of the Revised Code for the calendar year that includes the month for which the charge accrues.  The charge is payable in addition to the unpaid balance of taxes and penalties on

the day the charge accrues, unless the entire balance is sooner paid. If a delinquent tax contract becomes void, interest shall be charged on the day on

which the contract becomes void in the amount that would have been charged had the

delinquent tax contract not been entered into and shall thereafter accrue as provided

in this section. Interest shall be allowed, at the same rate per calendar month as is applicable that

month for underpayments, on any overpayment of the tax charged on a general personal

property or a classified property tax duplicate, from the first day of the month following

the date of the overpayment until the last day of the month preceding the date of

the refund of the overpayment.  The interest shall be paid from the fund or funds to which the overpayment was credited. When the county treasurer makes the treasurer's annual settlement with the county

auditor under division (D) of section 321.24 of the Revised Code , the treasurer shall certify to the auditor a list of all entries on the cumulative

delinquent tax duplicate that are at that time in the process of being paid in installments

under a valid delinquent tax contract.  For each entry that appears on the duplicate that is not on the certified list,

the auditor shall compute the full amount of interest charges which have accrued against

such entry since the preceding such settlement was made and shall include such charges

through the last day of the month preceding the current settlement.  The auditor shall include such amounts on the tax list and duplicates prepared by

the auditor as prescribed in section 5719.04 of the Revised Code unless the interest is less than one dollar, in which case it shall not be added

to such tax lists and duplicates. Before the county treasurer accepts any payment of taxes against which there are accrued

interest charges that do not appear on the delinquent tax duplicate, the treasurer

shall notify the auditor who shall issue a certificate to the treasurer showing the

amount of such interest charges, and the treasurer shall collect the amount shown

on such certificate at the time of accepting payment of such taxes.  If the amount of such interest charges is less than one dollar, no such certificate

shall be issued.  In the case of delinquent personal property taxes, the interest shown on such certificate

shall be credited to the undivided general tax fund, and distributed in the same manner

as the delinquent taxes upon which the interest charges accrued.  In the case of delinquent classified property taxes, the interest shown on such

certificate shall be credited to the county public library fund and distributed in

accordance with section 5747.48 of the Revised Code .  When the payment of delinquent taxes is credited on the tax duplicate the treasurer

shall make a separate notation thereon indicating the amount collected and the index

number of the auditor's certificate herein prescribed.