Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
State or Territory: | Ohio |
Effected Jurisdiction: | River View Local School District |
Jurisdiction type: | School District |
Fiscal year ending In: | 2019 |
Program name: | Enterprise Zone Agreements |
Program purpose: | General Economic Development |
Statutory authority: | Ohio Revised Code (ORC) Section 5709.63 |
Abating jurisdiction(s): | Various cities and townships in Ohio |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Exemption |
Provisions for recapture: | All Agreements must be finalized before the project begins and may contain provisions for the recoupment of taxes should the individual or entity fail to perform. Once the Department of Taxation approves the agreement, the amount of the abatement is deducted from the business’s property tax bill by removing the valuation from the taxable parcel and listing the associated assessed value on the exempt tax list. |
Gross revenue loss: | $88,803 |
Reimbursement / offset: | $0 |
Net revenue loss: | $88,803 |
Type of loss: | Passive |
Additional notes on dislosure: | (none) |