Taxable Income
The following list is not all-inclusive and should be used as a guide:

  • Wages, salaries and other compensation
  • Bonuses, stipends and tip income
  • Commissions, fees and other earned income
  • Employer provided supplemental unemployment benefits (sub pay)
  • Stock options (taxed when exercised)
  • Severance pay
  • Sick pay (excluding 3rd party sick pay)
  • Vacation pay
  • Employee contributions to retirement plans and tax deferred annuity plans (including Sec. 401k, Sec. 403b, Sec. 457b, etc.)
  • Any amount attributable to a non-qualified deferred compensation plan included in qualified wages
  • Self-employment income (Schedule C)
  • Net farm income (Schedule F)
  • Income from pass-through entities, estates or trusts (Schedule E Part II and Part III)
  • Net rental income
  • Lottery/gambling winnings
  • Oil and gas rights income
  • Royalties from a tangible income source
  • Ordinary gains as reported on Federal Form 4797
  • Employer paid premiums for group term life insurance over $50,000
  • Compensation paid in goods or services or property usage. Taxed at fair market value
  • Prizes and gifts if connected with employment to the same extent as taxable for Federal income tax purposes
  • Strike pay
  • Profit sharing
  • Uniform, automobile and travel allowances
  • Reimbursements in excess of deductible expenses
  • Employer provided educational assistance to the same extent as taxable for federal income tax purposes

Non-Taxable Income
The following list is not all-inclusive and should be used as a guide:

  • Interest
  • Dividends
  • Capital gains.
  • Social Security
  • Pension distributions
  • Income from Boards of Elections (voting booth) up to $1,000.00
  • Workers compensation
  • Third-party sick pay
  • Public assistance
  • State unemployment compensation
  • Military pay or allowance of members of the Armed Forces of the United States and members of their reserve components, including the National Guard
  • Alimony received
  • Royalties from intangible income sources
  • Contributions made to Section 125 cafeteria plans
  • Annuity distributions
  • Retirement plan distributions
  • IRA distributions
  • Insurance proceeds
  • Gross income and gross receipts of religious, fraternal, charitable, scientific, literary or educational institutions to the extent that such income and receipts are derived from real estate, tangible or intangible property or other activities that are tax-exempt
  • Health and welfare benefits distributed by charitable, religious or educational organizations

Annual Interest Rate

Ohio Revised Code Section 718.27(F) requires that each year by October 31, the interest rate that will apply to overdue municipal income taxes during the next calendar year shall be published. The interest rate is calculated by adding five percentage points to the federal short term rate (rounded to the nearest whole percent) that was in effect during July of the current year, in accordance with Ohio Revised Code Section 718.27(A)(5). Based on these requirements, the applicable interest rate is as follows:

Calendar Year
Annual Rate
Monthly Rate
2018

2017

2016

6.0%

6.0%

5.0 %

0.50%

0.50%

0.42%

2015 and prior 12.0 % 1.0%

More Information:
Tax Forms
Income Tax FAQs
Taxable & Non-Taxable Income
Online & Electronic Payments

Finance Department1 South Sandusky StreetEmail740-203-1001
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