Pursuant to R.C. § 5709.42, Village Council directs and requires the owner of each parcel to make annual service payments in lieu of taxes with respect to the improvement allocable thereto to the Pickaway County Treasurer (the "County Treasurer") on or before the final dates for payment of real property taxes. Each service payment in lieu of taxes, including any penalties and interest at the then current rate established under R.C. §§ 323.121 and 5703.47 (collectively, the "service payments"), will 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 improvement if it were not subject to the exemption granted in this chapter. The service payments, and any other payments with respect to each improvement that are received by the County Treasurer in connection with the reduction required by R.C. §§ 319.302, 321.24, 323.152 and 323.156, as the same may be amended from time to time, or any successor provisions thereto as the same may be amended from time to time (the "property tax rollback payments"), will be allocated and distributed in accordance with § 824.06.
(Ord. 2016-12, passed 11-7-2016)