Tangible Personal Property Tax
Tangible Personal Property Tax Data
Reduction in Value and Amount Reimbursed for the $10,000
Exemption, by County, Calendar Year 2001
The attached table shows the reduction in taxable value in
each county resulting from the $10,000 tangible personal
property tax exemption. Also shown is the amount reimbursed
by the state to each county to compensate them for the local
tangible personal property tax loss. The exemption applies to
the first $10,000 of taxable value for each company in Ohio.
The local revenue loss caused by the exemption is completely
reimbursed by the state.
The total reduction in taxable value caused by this exemption
in 2001 was approximately $1.2 billion. The total amount
reimbursed to local governments for the taxes that would have
been levied on this property amounted to $94.5 million in
The reductions in value shown on this table were compiled
from abstracts filed by each of the 88 county auditors with
the Ohio Department of Taxation, Tax Equalization Division.
The data on the amount reimbursed to the counties are the
amounts certified for reimbursement by the county treasurers.