Tax Data Series

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.