This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Impact in Ohio

In Ohio, post-judgment interest on a civil money judgment accrues at a rate of 5% per year under O.R.C. § 1343.03. This statute governs the interest that automatically runs on the unpaid principal balance from the date the judgment is entered until it is fully satisfied. The interest rate is fixed by statute and does not fluctuate with market conditions. The law also sets out the specific method for calculating the interest and provides for certain exceptions, all of which are detailed in the official source. A worked example below illustrates how the 5% rate applies to a judgment amount over a given period. To estimate the interest on a specific judgment, use the DocketMath calculator.

Governing authority

In Ohio, the impact rule is set by O.R.C. § 1343.03. The verified packet cites O.R.C. § 1343.03 (https://codes.ohio.gov/ohio-revised-code/section-1343.03).

Ohio impact: the verified value is 5% under O.R.C. § 1343.03. The verified packet cites O.R.C. § 1343.03 (https://codes.ohio.gov/ohio-revised-code/section-1343.03).

Estimate your own result: every situation has exceptions that can change the outcome. Use the impact calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.