Estate Tax

Table of Contents

 

ATTN: Tax Change - Ohio Estate Tax has Ended

The Ohio Estate Tax was repealed effective January 1, 2013.  There will be no estate tax on estates of individuals with a date of death on or after January 1, 2013.  This legislative change occurred with the passage of the 2012-2013 Budget Bill, House Bill 153.  

Estates of individuals with a date of death on or after January 1, 2013:  the Department no longer requires a tax release or a tax waiver form before certain assets of a decedent may be transferred to another person.  The Department of Taxation requests that counties and county auditors, as well as banks and financial institutions, no longer process and/or submit these forms to the Department of Taxation. 

Estates of individuals with a date of death prior to January 1, 2013:  the Department still requires a tax release or a tax waiver form for all asset transfers greater than $25,000.  Estates with a net taxable value of $338,333 or less were effectively exempt from payment of the tax.  A 6% tax rate applied to any net taxable value above that mark, up to $500,000. A 7% tax rate applied to any net taxable value over $500,000.

For more information on the tax, see the options below.

  • Annual Report (PDF) - The estate tax chapter from the Ohio Department of Taxation's annual report is here.
  • Tax Forms - The estate tax return and instructions (ET 2) and all other estate tax forms are here.
  • Frequently Asked Questions - Answers to the most common questions about this tax are located here.
  • Information Releases - These releases are technical advisories that offer detailed explanations of the laws, rules and rulings that govern the taxes administered by the Ohio Department of Taxation.
  • Interest Rates - The interest rate that applies to overdue taxes changes each year.
  • Estate Tax Interest Calculator
  • Contact Us