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Cincinnati Ohio Form 8843: What You Should Know
The City of Cincinnati does not receive any state or federal money. It is all funded through income taxes, assessments and other sources. City income taxes are based on the total amount of property taxpayers in the City at the close of taxes, divided by 4. The City of Cincinnati has a 4-2/2% rate of property tax. The City of Cincinnati does not levy income tax, sales tax, business license tax, or motor fuel tax. The City of Cincinnati will not sell, lease, or exchange City property to any individual, partnership, trust or group of persons. For information on the City of Cincinnati's budget and finances, click here: : Property Tax Relief — Click Here City budgets are used to determine the total amount of property taxpayers in the City, divided by 4. Budget Overview — Click Here For more information on individual City of Cincinnati tax forms, click here: : Property Tax Returns — Click Here : General Form 8765 — Income Tax Return : General Form 8765 — Personal Income Tax Return : General Form 8765 — Personal Income Tax Return : General Form 8765 — Capital Gains Return : General Form 8765 — Capital Gains Return : General Form 8765 — Dividend Tax Return : General Form 8765 — Dividend Tax Return The City of Cincinnati has two major sources of funding for its operations: (a) general City revenue; and (b) general State funds. The state does not provide direct financial support to the City of Cincinnati, rather it allows the City to finance its operations and programs through property taxes. As a result, the City's revenues are a dependent on its ability to raise property taxes and its ability to pay the state's General Fund bills. By law, the City must obtain a 10% tax credit from the state's General Fund when taxes are levied on property and/or sales. The City also must submit annual reports to state officials at the beginning of each fiscal year describing how city funds are used to fund all operating activities, the City's program and program initiatives, and the City's finances. The general State budget and the General Assembly's annual budget must be balanced.
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