Tangible Personal Property Tax
Tangible Personal Property Tax Data
Reduction in Value and Amount Reimbursed for the $10,000
Exemption, by County, Calendar Year 2002
The attached table shows the reduction in taxable value in
each county resulting from the $10,000 tangible personal
property tax exemption. The exemption applies to the first
$10,000 of taxable value for each company in Ohio. Also shown
is the amount reimbursed by the state to each county to
compensate them for the local tangible personal property tax
loss.
The total reduction in taxable value caused by this exemption
in 2002 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 $95.6 million in
2002.
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.