If I can't pay by the deadline, what will be the extra charge?
You will owe interest on any unpaid tax due and not paid at the deadline. The Department of Taxation will bill you for the interest charge after your final tax due payment has been received. The annual interest rates (set by Ohio law) for the current year and the past ten years are listed in the table below:
|
Tax Year
|
Rate
|
|
2013
|
3%
|
|
2012
|
3%
|
|
2011
|
4%
|
|
2010
|
4%
|
|
2009
|
5%
|
|
2008
|
8%
|
|
2007
|
8%
|
|
2006
|
6%
|
|
2005
|
5%
|
|
2004
|
4%
|
|
2003
|
6%
|
|
|
|
|
|
|
|
|
|
|
|
|
|