Ohio § 5727.12
Full text of Ohio Ohio Revised Code § 5727.12, with citation guidance and answers to common questions.
§ 5727.12.
As used in this chapter, “ property used in railroad operations ” means property used in or determined by the tax commissioner to be held by a railroad
for use in railroad operations. In determining the true value of all real and personal property owned or leased
by each railroad company and used in railroad operations, the commissioner shall use
the unitary method and value all of the property of the company's railroad system
as a whole, considering the factors generally used in that method, and weighing each
factor appropriately. The true value of the property used in railroad operations shall be apportioned
to this state as provided in section 5727.14 of the Revised Code . For tax year 2006 and each tax year thereafter, the county auditor shall value and
assess the real property owned by the company that the commissioner determines is
not used in railroad operations. All property of a railroad shall be assessed for taxation at the same percentage of
true value at which all other real property in this state is assessed, in the case
of real property, and at the percentage of true value provided under divisions (E) , (F) , and (G) of section 5711.22 of the Revised Code , in the case of personal property. A determination of the value of each item of personal property not used in railroad
operations shall be considered a separate determination with respect to which a separate
petition for reassessment may be filed under section 5727.47 of the Revised Code . Where a line of railroad is subsidized under the terms of the federal regional rail
reorganization act or the federal rail revitalization and regulatory reform act, the
real and other fixed property shall be assessed solely in the name of its owner.
Frequently Asked Questions About Ohio § 5727.12
What does Ohio Revised Code § 5727.12 cover?
Section 5727.12 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 § 5727.12?
A common citation format is "Ohio Revised Code § 5727.12" (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 § 5727.12 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.