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Local Tax Information
The Village of Mt. Orab has a local income tax on the wages earned by residents of Mt. Orab, non-residents working in Mt. Orab, and the net profits of businesses located inside Mt. Orab. The tax rate is 1% of earned income and net profits. The Village of Mt. Orab allows a credit for residents who live inside the Village of Mt. Orab and have local tax withheld form their paycheck from another city or village. The Maximum credit is 1% per W-2. The Mt. Orab income tax does not apply to income received from social security, retirement, pensions, military pay, unemployment interests on savings and certificates of deposits, ADC, welfare and similar non employee income.
All residents are required to register with the Mt. Orab Income Tax Bureau even if they have no taxable earnings. The regular office hours of the Income Tax Bureau are from 8:00 to 5:00 Mondays to Thursday, and closed Fridays. Forms and tax information can be obtained in the Printable PDF links below, from the Mt. Orab Income Tax Bureau at 211 South High Street or by phone at (937) 444-2945.
Real Estate tax is administered through the Brown County Auditor's Office in Georgetown, Ohio. Property tax is assessed for the county, village, school, district, police, fire protection, and other purposes. Questions regarding Real Estate tax should be directed to the Brown County Auditor's Office by calling (937) 378-6398 or their website at www.browncountyauditor.org.
2013 Important Dates
December 31, 2012
Last date to remit tax payment to be included with Federal Tax Schedule A for 2012
January 31, 2013
Fourth Quarter 2012 Estimated Tax Due
January 31, 2013
Fourth Quarter Employee Withholding Tax Due
February 28, 2013
Employer 2012 W-3 Reconciliation Form Due
April 15, 2013
2012 Individual and Business Tax Returns Due
April 30, 2013
First Quarter 2013 Estimated Tax Due
April 30, 2012
First Quarter Employee Withholding Tax Due
July 31, 2013
Second Quarter 2013 Estimated Tax Due
July 31, 2012
Second Quarter Employee Withholding Tax Due
October 31, 2012
Third Quarter 2012 Estimated Tax Due
October 31, 2013
Third Quarter Employee Withholding Tax Due
December 31, 2013
Last date to remit tax payment to be included with Federal Tax Schedule A for 2013
WHAT IS "ESTIMATED TAX"? Most people regularly have income taxes withheld from their paycheck. That money is then sent by their employer to the proper federal, state or local government. Employees that do not have taxes withheld regularly are responsible for sending the taxes that would normally he withheld by their employer. This tax is what they call Estimated Tax. It is for employees or business owners who owe taxes to the federal, state, or local government and do not have the taxes regularly deducted from their paycheck.
HOW DO I DETERMINE HOW MUCH "ESTIMATED TAX" I SHOULD PAY? Since you won't know for certain the exact amount of money you will earn in any year, you need to "estimate" that amount to help determine the amount of taxes you may owe. The method most people use to determine their estimated tax is to multiply the amount of taxable earnings reported on last year's tax return by the tax rate. In the case of Mt. Orab taxes, you would multiply the amount of taxable earnings by the tax rate of 1% (.01). For example, a person with an annual income last year of $16,000, would multiply that amount times .01 to determine that the amount of estimated taxes they would owe would be $160.00 for the year.
HOW OFTEN IS "ESTIMATED TAX" PAID? After the amount of estimated tax is determined, you need to divide the amount by four (4) and pay that amount once every three months. The payments would he due on April 30, July 31, October 31, and January 31 of next year.
IS ESTIMATED TAX ACTUALLY PREPAYMENT OF TAXES? Estimated tax is not prepayment of taxes, in fact it is really paying taxes later than people who have their taxes withheld from each paycheck. People who pay estimated tax are not billed for the tax they owe until the end of each three month period. They are then required to pay the amount of taxes that should have been deducted from their paycheck-for the previous three months. Employees who have their taxes withheld from each paycheck are paying their taxes during each pay period.
TAXES? Employers located inside Mt. Orab are required to withhold Mt. Orab taxes from their employee earnings. Employers outside Mt. Orab are encouraged to withhold Mt. Orab taxes but are not required. If your employer is willing to withhold and remit your Mt. Drab taxes, they can contact the Income Tax Bureau for information on this procedure.
WHAT IF I DON'T PAY "ESTIMATED TAX"? If you net tax liability is in excess of $100 annually and you don't file and pay at least 70% of your tax liability to Mt. Orab, you will be charged interest and penalty on the amount of taxes you should have paid during the year.