Tax Data Series

Intangible Property Tax

Intangible Property Tax
Taxes Assessed on Dealers in Intangibles, by County, Calendar Year 2004

The total amount of intangible property tax assessed on shares or capital employed by dealers in intangibles in 2004 was $39,985,170.

Intangible property includes investments, credits, money, shares and capital. Dealers in intangibles that are taxed have an office in Ohio that: lends money; discounts, buys or sells bills of exchange, drafts, acceptances, notes and mortgages; and buys or sells bonds, stocks or other investment securities.

The tax rate on fair value of shares or capital employed is eight mills. The tax base is basically capital, surplus, and undivided profits. Charities, insurance companies and financial institutions are exempt. However, dealers owned by insurance companies or financial institutions are subject to the tax (these entities are deemed "qualifying dealers").


Tax returns are filed with the tax commissioner. The commissioner determines taxable values while the state treasurer collects the taxes. Three mills of receipts go to the General Revenue Fund, and five mills of receipts are distributed to the county undivided local government fund of the county where the firm's capital is used. The budget commission in each county distributes to the local subdivisions revenues from the local government fund.

The entire receipts from the eight mill tax on qualifying dealers go to the General Revenue Fund.

Figures shown are compiled from records of the Ohio Department of Taxation.