Real Estate Taxes:
Real Property Conveyance (Transfer) Fees:
Amounts Collected, by County, Calendar Year 2004
Ohio Revised Code Section 319.54(F)(3) establishes a
mandatory transfer fee on the conveyance of real property.
The fee is one dollar per thousand dollars of value of real
property transferred. In addition, Ohio Revised Code Section
322.02 allows the board of county commissioners of each
county to levy a permissive real property transfer fee of up
to three dollars per thousand dollars of value of real
property transferred. In simple terms, both the mandatory fee
and the permissive county fee (a combined maximum of 4 mills)
apply to the selling price of real estate at the time of
sale. The revenue from both the mandatory fee and the
permissive fee is deposited in the general fund of the
county--none of the revenue goes to the state.
In 2004, conveyance fees generated $135.2 million: $47.3
million mandatory fees and $87.9 million from the permissive
fees. The number of conveyances by county on which the
mandatory transfer fees were collected ranged from 310 in
Vinton County to 35,324 in Franklin County. The total
mandatory transfer fees collected by each county ranged from
$17,423 in Monroe County to $6.6 million in Franklin County.
The average mandatory transfer fee collected by each county
ranged from $36.55 in Meigs County to $282.20 in Delaware
County, with a statewide average of $140.37. The average
total transfer fee, including both mandatory and permissive
fees, collected by each county ranged from $47.70 in Adams
County to $846.23 in Delaware County, with a statewide
average of $401.39. The total collected (both mandatory fee
and permissive fee) ranged from $52,268 in Monroe County to
$21.0 million in Cuyahoga County.
Ohio Revised Code Section 319.54(F)(3) exempts certain
conveyances from the mandatory transfer fee. During 2004, a
total of 251,057 (42.7 percent of the total) transfer fee
statements filed with the county auditors were exempted from
the fee. The lowest percentage exempted was in Delaware
County with 28.2 percent exempted. Wyandot County, with 71.2
percent, had the highest percentage exempted.
Table PC-1 shows the revenues collected by each county from
both the mandatory transfer fee and the permissive real
property transfer fee. The data presented in the table were
compiled from a survey of county auditors conducted by the
Ohio Department of Taxation.