Ohio Code § 5709.71
Ohio Code § 5709.71. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5709.71.
(A) All real and tangible personal property owned by a port authority created prior to
the effective date of this section pursuant to section 4582.22 of the Revised Code and leased or otherwise made available to a railroad company, as defined in section 5727.01 of the Revised Code , for use in its railroad operations shall be exempt from taxation for ten years beginning
with the first year in which the property is so leased or otherwise made available. (B) The port authority shall make annual payments in lieu of taxes for all property that
is exempt from taxation under division (A) of this section. The payments shall be charged and collected in the same manner as the taxes that
would have been charged against the property if it were not exempt from taxation under
this section. The sum of the payments for each year shall equal one-tenth of the amount of taxes
that would have been charged and payable against the property for the year the payments
are due had this section not been in effect multiplied by the number of years for
which the property has been exempt from taxation under division (A) of this section. Moneys collected as payments in lieu of taxes shall be distributed at the same time
and in the same manner as real and public utility property tax payments in proportion
to the taxes levied by the taxing districts within which such payments are made is
located. (C) The exemption provided under division (A) of this section and liability for payments
under division (B) of this section shall first apply to property owned and leased
by a port authority in tax year 1983.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5709.71
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 5709.71?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 5709.71 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 5709.71 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.