Tangible Personal Property Tax
Tangible Personal Property Tax Data
Reduction in Value and Amount Reimbursed for the $10,000
Exemption, by County, Calendar Year 2003
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 reduction in taxes charged for the local tangible
personal property tax loss.
Beginning in fiscal year 2004, the reimbursement from the
state to localities for the revenue foregone as a result of
the $10,000 exemption is being phased out. The phase-out will
take place over a ten year period. The total reimbursement in
fiscal year 2004 was $85.9 million.
The total reduction in taxable value caused by this exemption
in 2003 was approximately $1.2 billion. The total amount of
taxes charged that would have been levied on this property
amounted to $93.1 million in 2003.
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.