ESTIMATED TAX 

Changes mandated by Ohio Revised Code Chapter 718 (House Bill 5 – Municipal Income Tax Uniformity)

Any taxpayer, business or individual, is required to file an “Estimated Tax Voucher” if the amount owed to the Village (over the withholding amounts) is $200.00 or more in a calendar year.

To clarify: If your Village of Pandora tax is not fully withheld by your employer, you MUST make estimated tax payments using the following schedule to avoid an underpayment of estimated tax penalty if the estimated tax is $200.00 or greater for the year.

Filings are due the 15th of the month as follows:

  • 22.5% by April 15th
  • 45% by June 15th
  • 67.5% by September 15th
  • 90% by December 15th

Failure to have 90% of your Village of Pandora tax liability paid via withholding credits and/or estimated payments will result in a penalty of 15% of the amount not timely paid.  This penalty applies to each quarter that was not timely paid.  You may also avoid this penalty by having 100% of your previous year’s Village of Pandora tax liability paid via withholding credits and/or estimated payments by the April 15th due date or federal revised due date.

Interest for tax year 2016 and beyond is changing to an annualized rate based on the Federal Reserve short-term rate for July of the current year, rounded to the nearest whole number, plus five percent.  This rate will be posted on our website by October 31st of each year.

Filing and receiving an extension for filing a current year Village of Pandora income tax return does not waive payment of estimated tax.

 

Income Taxes

Drop off:

Village Income Tax Department
102 South Jefferson St.
Pandora, OH 45877

Mailing Address:

Village of Pandora Income Tax Department
PO Box 193
Pandora, OH 45877

Phone
(419) 384-3112

Email:
pandoravillage@fairpoint.net

Office Hours
8:30am to 4:30pm

Contact Us

Village Administrator
Rick Morrison:
(419) 615-2669
villageadministrator@bright.net

Fiscal Officer/Tax Administrator
Kimberly Reese
(419) 384-3112
pandoravillage@fairpoint.net