The City of Hillsboro, Ohio

Where Pride Rings True

Interest Rate Notice

City of Hillsboro, Ohio

Income Tax Department

By October 31st of each year, the interest rate that will apply to overdue municipal income taxes during the next calendar year will be posted herein, as required by Ohio Revised Code Section 718.27 (F).

The interest rate is calculated by adding five percentage points to the federal short-term rate (rounded to the nearest whole number percent) that was in effect during July of the current year, in accordance with the ORC section 718.27 (A) (5), and is applicable to tax years beginning on or after January 1, 2016.

Based on these requirements, the applicable interest rate is as follows:

CALENDAR YEAR ANNUAL RATE

MONTHLY RATE

2023

7.0% 0.58%
 2022 5.0% 0.42%
2021 5.0% 0.42%
2020 7.0% 0.58%
2019 7.0% 0.50%
2018 6.0% 0.50%
2017 6.0% 0.50%
2016 5.0% 0.42%

For more information or questions, please contact the City of Hillsboro Income Tax Department at (937) 393-3848. 

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Income Tax Office
130 N High St
Hillsboro, OH 45133
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