Chapter 891 · Income Tax
Rates & Interest
Interest rates imposed per annum on delinquent unpaid tax liabilities, as set under Ohio law.
Delinquencies
Interest Rates by Year
| Calendar Year | Interest Rate (per annum) |
|---|---|
| 2023 | 7% |
| 2022 | 5% |
| 2021 | 5% |
| 2020 | 7% |
| 2019 | 7% |
| 2018 | 6% |
| 2017 | 6% |
| 2016 | 5% |
Ohio Revised Code 718.27
How the Rate Is Set
Ohio Revised Code 718.27 requires municipalities to set the interest rate for delinquent unpaid tax liabilities at the federal short-term rate (rounded to the nearest whole number percent) plus five percent.
Interest is imposed per annum on all unpaid income tax, unpaid estimated income tax, and unpaid withholding tax.
The rate applies to the calendar year following the July of the year in which the federal short-term rate is determined.