Ohio § 5721.41 Interest charges

Ohio Statutes

§ 5721.41 — Interest charges

Ohio § 5721.41

Title 57Taxation

Ch. 5721Delinquent Lands

This text of Ohio § 5721.41 (Interest charges) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 5721.41 (2026).

Text

All interest required under sections5721.30to5721.43of the Revised Code is simple interest, to be  calculated on a principal amount and not compounded on earned  interest. The interest charged shall equal one-twelfth of the  annual interest rate multiplied by the principal amount. Interest charges under those sections shall accrue on a monthly basis, on the first day of the month following the beginning of the period during which interest accrues and on the first day of each subsequent month. Notwithstanding the preceding  sentence, the six  per cent charge described in division (E)(1)(b)  of section5721.30of the Revised Code shall apply even if the tax  certificate is redeemed before the first day of the month  following the date that the certificate is purchased.

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All interest required under sections5721.30to5721.43of the Revised Code is simple interest, to be calculated on a principal amount and not compounded on earned interest. The interest charged shall equal one-twelfth of the annual interest rate multiplied by the principal amount. Interest charges under those sections shall accrue on a monthly basis, on the first day of the month following the beginning of the period during which interest accrues and on the first day of each subsequent month. Notwithstanding the preceding sentence, the six per cent charge described in division (E)(1)(b) of section5721.30of the Revised Code shall apply even if the tax certificate is redeemed before the first day of the month following the date that the certificate is purchased.