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Form 9465-FS for Franklin Ohio: What You Should Know

Learn more. ​​​​​Ohio Historic Preservation Tax Credit Guide​​ A. The credit is available to Ohio residents and businesses and is based on the assessed value of the property. The credit can be up to 40% of the assessed value. Note for commercial development that can be completed within 12 months of the application filing date. B. The credits cannot exceed the amount necessary to reduce (to a minimum of 8,500) or eliminate (to a minimum of 9,900) the tax liability determined based on the property that has been eligible for tax relief for the current fiscal year because of (A) the property's historic design (or its functional integrity as determined under the State Preservation Agency regulations), or (B) a provision in this chapter regarding the preservation of heritage structures or portions of those structures.

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