House Bill 5
Notice - Beginning 1-1-16 the City has implemented the State mandated Tax Ordinance which was passed by the State under House Bill 5. This Tax Ordinance can be reviewed under the Tax Ordinance title below (tax years 2016 and after). To view a summary of the major differences between the "old" Tax ordinance and the "new" House Bill 5 Tax Ordinance, please see the link below.
Summary of Major Changes - House Bill 5 Tax Ordinance
Annual Interest Rate
By October 31 of each year, the interest rate that will apply to unpaid income tax balances during the next calendar year will be posted herein, as required by the 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. The applicable interest rate(s) are as follows:
| Tax Year | Annual Interest Rate | Monthly Interest Rate |
| 2023 | 10.0% | .83% |
| 2022 | 7.0% | .58% |
| 2021 | 5.0% | .42% |
| 2020 | 5.0% | .42% |
| 2019 | 7.0% | .58% |
| 2018 | 7.0% | .58% |
| 2017 | 6.0% | .5% |
| 2016 | 6.0% | .5% |
| 2015 | 5.0% | .42% |
Princeton City School District Code for State Filing is #3116