Financial Demographics of Fostoria, Ohio - Fostoria Economic Development, Fostoria, Ohio

Financial Data

Transportation
Industry/Labor
Sites/Buildings
Utilities
Financial Data
Education
Resources
Recreation

Local Property Taxes:

All real property is assessed at the local level, and tax rates are regulated by local officials and voters. The County Auditor, the chief assessing officer, lists and values the real property wit the county for taxation purposes, under the direction and supervision of the County Board of Tax Appeals.

Current Property Tax Rates:

County / District Personal Property Residential / Agricultural Industrial / Commercial

Hancock

Fostoria Corp./Fostoria CSD 74.06 54.8378460 63.9099820

Fostoria Corp./Arcadia CSD 45.21 41.6693980 41.9087010

Seneca

Fostoria Corp./Fostoria CSD 75.26 54.4316200 64.5560650

Fostoria Corp./Lakota CSD 55.10 37.9531880 39.2447900

Fostoria Corp./Hopewell CSD 56.70 38.0531890 42.6121630

Wood

Fostoria Corp./Fostoria CSD 80.76 58.1263640 67.3792990

Perry Twp./Lakota CSD 65.67 44.7535440 48.4190490

Perry Twp./Fostoria CSD 82.93 59.8319780 69.0629490

Hancock County Auditor: Charity Rauschenberg, 419-424-7019 - http://auditor.co.hancock.oh.us
Seneca County Auditor: Larry Biedelschies, 419-447-0692 - http://senecacountyauditor.org
Wood County Auditor: Michael Sibbersen, 419-354-9150 - http://www.co.wood.oh.us/auditor

County Sales Tax

Hancock: 6.0% Seneca: 7.0% Wood: 6.5%

City Income Tax

Fostoria has a 2.0% city income tax.

Tax Abatement Programs

Fostoria has a city-wide Urban Enterprise Zone program, designed to help enhance the competitive advantage of industry expanding or locating in the community. Foreign Trade Zone tax benefits can be made available on a requested basis.

Ohio laws and tax structures are favorable for industrial growth. The state constitution stipulates that all tax levies exceeding 10 mills must be approved by the voters.

Financial Assistance

In addition to a variety of state financial assistance programs, Fostoria offers reduced interest financing through its Fostoria Revolving Loan Fund. The $2.1 million fund is available to loan -qualifying companies locating or expanding in the Fostoria area.

Area Financial Institutions

Fifth Third Bank 419-435-1825 The Huntington Bank 419-435-2410

First Federal Bank 419-436-1310 Old Fort Banking Company 419-436-1425

First Ohio Credit Union 419-435-8513 KeyBank 419-435-8105

Fostoria Economic Development Corporation
121 N. Main Street
Fostoria, Ohio 44830
419.435.7789
fax: 419.435.0936
Email: FEDC@FostoriaED.org