Interest Rate

Per Am.Sub. HB 5 passed on December 19, 2014 by the Ohio General Assembly, and in accordance with Ohio Revised Code Section 718, we will be publishing our Interest Rates here. Interest Rates for 2016 and forward are based on the Federal Short
Term Rate published in July, rounded to the nearest whole number plus 5%.

Interest Rate for 2016 is 5% (0.42% per month)
Interest Rate for 2017 is 6% (0.50% per month)
Interest Rate for 2018 is 6% (0.50% per month)

The interest rate for tax years 2015 and prior is 1.5% per month.