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Toledo Ohio Form 80: What You Should Know
The CAT will be calculated as follows: General Information. Annual Taxes are based on gross revenue as documented in the tax return and adjusted for inflation to: Year of Tax Return 1,000,000 General Info Gross Revenue Tax Rate 2018, 2023 and 2016: 1.5% 2016: 2.5% (no inflation adjustment) 2015 and 2014: 6.25% 2011, 2023 and 2009: 7.63% 2005 and 2004: 8.33% Total: 6,875,700.00 TOLEDO TARGETED LANDLORD HOUSING PROGRAM (TAIL) TAIL allows you to work with a qualified landlord and build a stable, long-term rental asset that provides stability to the family in accordance with the Housing Stability Act of 1994. The program provides help to families who earn less than 200 percent of the federal poverty level and are at or below 25 percent (the Section 8 income limit) of area median gross income. The City of Toledo administers TAIL. The city uses the Federal Housing Administration (FHA)-National Association on Minority Housing's (NAME) guidelines to calculate the rental assistance. The FHA guidelines provide that an applicant with a single person with less than 25,000 in annual income qualifies for housing assistance based on a percentage of their income in each of the three categories: Single Family 25,000 – 49,999 50,000 – 75,000 75,000 – 99,999 In addition to providing rent assistance, the program focuses on helping homeless families remain in their homes. The program uses a housing plan to address long-term tenancy issues in order to stabilize rental incomes. If the applicant is unable to meet the long-term tenancy issues before becoming eligible for TAIL assistance, the City will allow the applicant 90 days to provide documentation of an individualized housing plan. TOLEDO TARGETED LANDLORD HOUSING PROGRAM (TAIL) TAIL allows you to work with a qualified landlord and build a stable, long-term rental asset that provides stability to the family in accordance with the Housing Stability Act of 1994. The program provides help to families who earn less than 200 percent of the federal poverty level and are at or below 25 percent (the Section 8 income limit) of area median gross income.
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