Acres

The size of the parcel.

Appraised Value - 100%

The 100 percent value established by the auditor's office on land and improvement (structure) with a total of both.

City of Dayton Credit

A credit of up to $50 per year ($25 per half) on owner-occupied property in the city of Dayton for owners who are at least 60 years of age.

Class

Classification (residential, agricultural, commercial, industrial) assigned to the parcel by the auditor's office.

Current Assessment

Added by taxing district for such items as street lighting, curbs, sidewalk improvements, etc.

Current Net Taxes

Current net taxes less reduction factor credit, 10 percent rollback credit, 1.5 percent rollback credit, and homestead reduction credit.

Current Net Taxes and Assessments

Total of current net taxes, current assessment, and semiannual property charge.

Current Real Estate

Gross half year real estate tax charge. Determined by multiplying half of the 35 percent total taxable value in thousands by the gross tax rate.

Delinquent Assessment

Total delinquent assessments (including penalties) prior to current collection period. If prior collection period ended with assessments unpaid, they will appear as delinquent on the next billing even if payment is made.

Delinquent Real Estate

Total delinquent real estate (including penalties) prior to current collection period. If prior collection period ended with taxes unpaid, they will appear as delinquent on the next billing even if payment is made.

Effective Tax Rate

Gross tax rate less gross tax rate multiplied by reduction factor.

Gross Tax Rate

The gross tax rate of the taxing district.

Homestead Reduction

Amount that homestead reduction (tax relief for qualifying senior citizens who are at least 65 years of age with a combined income of $24,700 or less or totally and permanently disabled property owners with a combined income of $24,700 or less) is calculated on.

Homestead Reduction (Credit)

Determined by multiplying half of the total homestead reduction value in thousands by gross tax rate.

Interest Assessment

Twice each year the Ohio revised code (section 323.121) mandates that interest be applied.

Interest Real Estate

Twice each year the Ohio revised code (section 323.121) mandates that interest be applied.

Legal Description

The lot number or section town and range number of the parcel.

Owner Name

Will list up to two names on a deed; if there are more than two names, it will list the first name and et al (meaning "and others").

Parcel Identity

A number assigned to each parcel of land related to the real estate plat books located in the auditor's office. The first three or four digits identify the taxing district; the next three digits correspond to a plat book number in that district; the next two or three digits correspond to the page number in the book; and the next four digits correspond to the index number on the page. The first "digit" in all Montgomery County parcel identity numbers is a capital letter.

Parcel Location

The location of the parcel.

Payments

Payments made against either delinquent or current charges showing on the bill.

Reduction Factor

Maintains the existing level of taxes paid on voted millage. The taxing district collects the same amount of revenue that was voted regardless of increased property values, except for added value from new construction.

Reduction Factor (Credit)

Credit subtracted from gross half year real estate tax. Determined by multiplying current real estate by reduction factor.

Rollback Credit - 2.5%

Additional 2.5% rollback applicable to owner-occupied homes granted by the state legislature (1979). This rollback is not applicable to more than one acre of land or any improvements other than the house and garage. For parcels with one acre or less with only a house and a garage, the rollback is determined by subtracting reduction factor credit from current real estate, then multiplying by 2.5 percent. For parcels with more than one acre of land or improvements other than a house and a garage you must first find auditor's 35 percent value assigned for 2.5 percent. Multiply half of that value in thousands by the gross tax rate. Multiply that amount by the reduction factor. Subtract the second figure from the first, then multiply the answer by 2.5 percent to get the 2.5 percent rollback.

Rollback Credit - 10%

Tax relief measure adopted by state legislature (1971) that grants a 10 percent across-the-board rollback on all real property tax bills annually. Determined by subtracting reduction factor credit from current real estate, then multiplying by 10 percent.

Semiannual Property Charge

A fee charged by Montgomery County that is used to maintain facilities that receive waste from real estate properties.

Tax Distribution

Distribution breakdown of current net taxes.

Taxable Value - 35%

Thirty five percent of the 100 percent value. Taxes are computed on the 35 percent value.

Taxing District

The taxing district in which the parcel is located (currently 80 separate taxing districts in Montgomery County).

Total Amount Due

First half bill will show the amount due for first half along with an optional full year amount. Second half bill will show the amount needed to bring the bill current for the year.