Ohio Code § 5711.15
Ohio Code § 5711.15. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 5711.15.
A merchant in estimating the value of the personal property held for sale in the course
of his business shall take as the criterion the average value of such property, as
provided in this section of the Revised Code, which he has had in his possession or
under his control during the year ending on the day such property is listed for taxation,
or the part of such year during which he was engaged in business. Such average shall be ascertained by taking the amount in value on hand, as nearly
as possible, in each month of such year in which he has been engaged in business,
adding together such amounts, and dividing the aggregate amount by the number of months
that he has been in business during such year. As used in this section a “ merchant ” is a person who owns or has in possession or subject to his control personal property
within this state with authority to sell it, which has been purchased either in or
out of this state, with a view to being sold at an advanced price or profit, or which
has been consigned to him from a place out of this state for the purpose of being
sold at a place within this state.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 5711.15
- 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 § 5711.15?
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 § 5711.15 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 § 5711.15 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Statutes are amended, repealed, and renumbered every session.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.