Pursuant to Ohio R.C. 3735.67, an exemption from real property taxation is hereby granted for the construction of new structures and the remodeling of existing structures according to the following schedule:
Amount of Investment | Period of Exemption (Years) | |
$2,500 to | $24,999 | 5 |
25,000 to | 49,999 | 8 |
50,000 to | 74,999 | 10 |
75,000 to | 99,999 | 12 |
100,000 or more | 15 | |
(Res. 89-12-4R. Passed 12-19-89.)