Ohio Code § 5709.89
Ohio Code § 5709.89. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5709.89.
(A) As used in this section: (1) “ Indebted subdivision ” means a county, township, or municipal corporation that has accepted a residential
development loan. (2) “Residential development loan” means a loan authorized under section 122.98 of the Revised Code . (B) The legislative authority of an indebted subdivision shall adopt a resolution or
ordinance exempting from real property taxation improvements to each parcel of real
property whose construction commenced as the result of infrastructure whose development,
repair, or upgrade was funded by a residential development loan accepted by the subdivision. The resolution or ordinance shall be adopted and begin to apply in the same tax
year in which such infrastructure is developed, repaired, or upgraded. The resolution or ordinance shall require the owner of the improvements exempted from
taxation to make annual service payments in lieu of taxes to the county treasurer
on or before the final dates for payment of real property taxes. Service payments in lieu of taxes required by a resolution or ordinance adopted
under this section shall be charged and collected in the same manner and in the same
amount as the real property taxes that would have been charged and payable against
the improvements if not for the exemption. Service payment receipts shall be distributed at the same time and in the same manner
as real property tax payments. The entire amount, however, shall be paid to the indebted subdivision. The county treasurer shall maintain a record of the service payments in lieu of
taxes made from property in each indebted subdivision. The indebted subdivision shall use the payments solely to repay the residential development
loan associated with the exempted improvements. An exemption from taxation under this section and the obligation to make service
payments ends beginning for the tax year after the applicable residential development
loan is fully repaid, including any applicable interest. The indebted subdivision shall notify the parcel's owner, the county auditor, and
the county treasurer immediately after the loan is fully repaid of the tax year in
which the exemption and payments are to end.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5709.89
- 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 § 5709.89?
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 § 5709.89 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 § 5709.89 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.
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