TO: All County Auditors
FROM: Thomas M. Zaino, Tax Commissioner
DATE: August 8, 2001
RE: Reduction In Inventory Listing Percentage
R.C. Section 5711.22 allows for the reduction of the
inventory listing percentage beginning with the 2002 Ohio
Personal Property Tax Return for tax years 2002 through 2006.
The reduction occurs only if the statewide collection of
personal property taxes for the second preceding year exceeds
collections for the third preceding year. It has been
ascertained that the statewide collections for 2001 exceeded
collections for 2000.
Therefore, this is official notification that the listing
percentage for all merchandising and manufacturing
inventories for tax year 2003 is 23%. Schedules 3 and 3A for
the 2003 tax return should reflect the 23% listing
This bulletin will be amended for each subsequent year in
which the listing percentage for inventories changes.