MILLERSBURG -- The village has amended its tax ordinance and adopted a revised tax code, to be in compliance with state law. This new code will affect all tax returns starting with the 2016 tax year. The entire code may be viewed on the village website at www.millersburgohio.com.
Be aware that it is mandatory for Millersburg residents, 18 years of age or older, to file a tax return, regardless if there is tax due or not. Exemptions from filing are: under 18; only source of income is from Social Security; retirement/pension income, interest; annuities; disability; unemployment; etc. (please see the complete list in Chapter 181.03(11) of the Millersburg Tax Code).
Resident/business tax returns: Due date for 2016 is April 17, 2017. Some of the more notable changes that residents should be aware of are the penalties; interest; fees and charges (Section 181.10). Prior to 2016, interest of 1.5 percent and penalties of 1.5 percent, accrued monthly on any unpaid tax balance after the due date. The new tax code (starting with 2016) as mandated by HB 5, provides that the interest charge is now calculated by using the federal short term rate plus 5 percent per month on unpaid balances. The penalty is now a one-time fee of 15 percent of the unpaid balance after the due date. For tax returns not timely filed (unless an approved extension has been filed with the village) there is now a $25 fee for each month the return is past the due date, up to a maximum of $150. Tax payments are not required for amounts $10 or less (return is still required). Refunds are not issued for amounts of $10 or less.
Estimated tax payments: Due dates for estimated tax payments are April 15, June 15, Sept. 15 and Dec. 15 of each year.
Employers: For unpaid withholding tax, the interest is the Federal Short Term rate plus 5 percent monthly. The penalty is 50 percent of the unpaid tax due. For untimely withholding filings, there is a $25 fee for each month the return is past the due date, up to a maximum of $150.
Quarterly withholding: Due dates are April 15, July 15, Oct. 15, and Jan. 15 of the calendar year.
Monthly withholding: Due the 15th of each month for the preceding month.
Reconciliations/W-2 filing: Due the last day February for the preceding year.