Understanding Rollbacks and Exemptions

There are 2 types of rollbacks, Non-business and Owner Occupied. The non-business rollback is a 10% reduction on taxes for residential and agricultural parcels only. The owner occupied rollback if for residential and agricultural parcels that provides a 2.5% rollback on the Dwelling and up to 1 acre of land. The rollbacks are monies that are paid on behalf of the tax payer by the State of Ohio. Any levy that has been passed after August 1, 2013 no longer receives these rollbacks.

Understanding Reductions

Reduction factors are created when there is an increase in values other than new construction for fixed rate levies. These factors reduce what taxes are collected so that levy doesn’t get more money than it is set to create. These reduction factors are calculated and given to the county by the state.