Estate Tax
Estate Tax Distributions to all Governmental Units
for Settlement Periods during Calendar Year 2010
Under current law, the estates of residents 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.
Although the tax commissioner has primary administrative
responsibility for Ohio's estate tax, the tax is collected by
the treasurer of the county in which the decedent
resided. Payment by the estate executor is due no later
than nine months from the date of the decedent's death
(although installment payments are allowed for some
estates).
Semi-annual settlements required by section 5731.46 of the
Ohio Revised Code are processed by the Ohio Department of
Taxation. Two settlement periods in six-month
increments are designated: August 21st through
February 25th and February 26th through
August 20th. This publication shows
distributions made from August 21, 2010 through August 20,
2011.
After processing the semi-annual settlements, each county
distributes estate tax revenue to the state and local
governments. The money is distributed as follows:
• Estates with dates of death prior
to June 30, 1983: 50 percent to the municipal corporation or
township of origin; 50 percent, less cost of local
administration, to the state General Revenue Fund.
• Estates with dates of death between
July 1, 1983 to December 31, 2000: 64 percent to the
municipal corporation or township of origin; 36 percent, less
cost of local administration, to the state General Revenue
Fund.
• Estates with dates of death on or
after January 1, 2001 to December 31, 2001: 70 percent to the
municipal corporation or township of origin; 30 percent, less
cost of local administration, to the state General Revenue
Fund.
• Estates with dates of death on or
after January 1, 2002: After prescribed local costs of
administration are defrayed, 80 percent of the remainder goes
to the municipal corporation or township of origin, and 20
percent of the remainder goes to the state General Revenue
Fund.
During calendar year 2010, total estate tax revenues
distributed to all local entities amounted to $208.0
million. The amount remitted to the state was $56.5
million in 2010 (such amount is not shown in the
table). The local distributions ranged from a high of
$10.9 million in the City of Cincinnati, Hamilton County, to
a low of -$230,726 in the City of New Albany, Franklin
County.
When an estate has property in more than one jurisdiction,
the county that processes the return must distribute the
taxes due to those localities. In reporting this
information, most counties cite each jurisdiction outside of
their county along with the amount distributed to them.
However, some counties do not or can not specify these
jurisdictions. These entries are accounted for and
labeled “unidentified”.
The figures shown are compiled from a survey of county
auditors conducted by the Ohio Department of Taxation.