Estate Tax

Table of Contents

 

ATTN: Tax Change -- Ohio Estate Tax is Ending

The Ohio Estate Tax is being repealed effective January 1, 2013.  The effect is that there will be no estate tax on estates of individuals who die 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 / 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 / tax waiver form for all asset transfers greater than $25,000.  Estates with a net taxable value of $338,333 or less are effectively exempt from payment of the tax.  A 6 percent tax rate applies to any net taxable value above that mark, up to $500,000. A 7 percent rate applies 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.
  • 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. This page has the latest information.
  • Estate Tax Interest Calculator
  • Contact Us