TO: ALL COUNTY AUDITORS - Bulletin No. 203
DATE: July 21, 1965
FROM: Gerald A. Donahue, Tax Commissioner
RE: Funeral Homes – Listing of tangible personal property
used in business.
To achieve uniformity with respect to the assessment of such
property, inventories consisting of caskets, vaults, wearing
apparel and other items of tangible property held for sale
must be reported on the average value basis in Schedule 3 as
retail inventory. The first one hundred thousand dollars
thereof must be listed at the percentages prescribed by
section 5711.22(B), R.C., the balance at 70%.
All other tangible property including equipment, tools,
implements and supplies must be reported at year end