Tangible Personal Property Tax
Tangible Personal Property Tax Data
Taxes Levied by Type of Governmental Unit and Value of
Property, by County, Calendar Year 2004
Tangible personal property taxes levied by all local
governments in Ohio for calendar year 2004 totalled $1.7
billion on a total taxable value of $21.3 billion. Both of
these figures are after deduction of the $10,000 exemption
granted each taxpayer. The $10,000 exemption reduced the
statewide taxable value by $701.7 million and reduced
statewide taxes levied by $55.9 million.
Due to a law change in the FY 2004-2005 state operating
budget bill, beginning in tax year 2004 businesses with less
than $10,000 in assessed valuation no longer have to file a
tangible personal property tax return. As a result, beginning
in tax year 2004 the amount of reported exempted value and
taxes foregone as a result of the $10,000 exemption is
smaller than reported for prior years.
Beginning in fiscal year 2004, the state's reimbursement
amounts to local taxing districts for the $10,000 exemption
are based on the fiscal year 2003 reimbursements, reduced by
a designated percentage each year. Phase-out of the $10,000
exemption reimbursements will take place over seven years. In
fiscal year 2005, local governments were reimbursed by the
state for $74.8 million of their total foregone revenue.
Of total taxes levied, school districts levied $1,180.6
million, county governments and special districts levied
$314.2 million, cities and villages levied $91.8 million, and
townships levied $65.2 million. All figures represent taxes
levied for 2004 to be collected in the same year. This
differs from the real estate and public utility property
taxes which are levied for a given year but collected the
following year.
The figures in the county, township, school district, and
city and village columns indicate the total amount of
tangible personal property taxes levied by each of these
types of governmental units on taxable property within each
county. The column for delinquent taxes includes not only
delinquent taxes from the previous year (2003), but also
delinquent taxes remaining from all previous years.
The figures shown have been compiled from abstracts filed by
each of the 88 county auditors with the Ohio Department of
Taxation, Tax Equalization Division.