Tangible Personal Property Tax
Tangible Personal Property Tax Data
Reduction in Value and Amount Reimbursed for the $10,000
Exemption, by County, Calendar Year 2006
The tangible personal property tax is a tax on businesses in
Ohio. The first $10,000 of otherwise taxable value for
each company (RC 5709.01) is exempted.
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 reduction in
taxes charged for the local tangible personal property tax
loss. In tax year 2006, the total reduction in taxable
value caused by the $10,000 tangible personal property tax
exemption was approximately $574.8 million. The total
calculated amount of taxes charged that would have been
levied on this property amounted to $47.3 million in 2006.
Due to a 2003 state law change, taxpayers with a taxable
value of less than $10,000 are no longer required to
file a return. As a result, in tax year 2006 the amount
of reported reduced value and taxes foregone due to the
$10,000 exemption is smaller than what was reported in tax
year 2003 and before.
Revenue foregone as a result of the $10,000 exemption is
reimbursed by the state. However, the reimbursements
are being phased down during the Fiscal Year 2004 through
2009 period, with no reimbursements beginning in Fiscal Year
2010. The total reimbursement in Fiscal Year 2007 was
$38.3 million (40 percent of the Fiscal Year 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 calculated reduction in taxes levied were
derived from the same tax abstract data set.