Property Ownership
In Ohio, property taxes are levied based on:
AThe property's market value only
BThe county auditor's assessed value, which is 35% of market value✓ Correct
CThe property's original purchase price
DThe replacement cost of improvements only
Explanation
In Ohio, property taxes are based on the county auditor's assessed value, which is set at 35% of the property's appraised market value. The tax rate is applied to this assessed value.
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