For most taxes, the interest rate that will apply to overdue taxes the next calendar year is calculated by adding five percentage points to the federal short-term rate (rounded to the nearest percentage point) that was in effect during the current year in accordance with Ohio Revised Code Section 718.27.
For 2022 the interest rate is 5%
Past interest rates:
- 2017 – 6%
- 2018 – 6%
- 2019 – 7%
- 2020 – 7%
- 2021 – 5%
Questions should be directed to the Division of Taxation at 614.410.4460.