Tangible Personal Property Tax
Tangible Personal Property Tax Data
Taxes Levied by All Governmental Units and Value of Property,
by City, Calendar Year 2005
The tangible personal property tax is a tax on businesses in
Ohio. Tangible personal property taxes levied within cities
by all local governments in Ohio for calendar year 2005
totalled $1.1 billion on a total assessed value of $13.4
billion. Both of these figures are after deduction of the
$10,000 exemption granted each taxpayer.
The tangible personal property tax is being phased out
between 2006 and 2009 as part of the tax changes contained in
Amended Substitute House Bill 66, the two-year state budget
bill for Fiscal Years 2006-2007.
Tangible personal property taxes levied within cities are
broken down as follows: school districts levied $820.8
million; county governments and special districts levied
$214.8 million; townships levied $7.0 million; and city
governments themselves levied $81.3 million. All figures
represent taxes levied for 2005 to be collected in the same
year.
The names of municipalities are shown in alphabetical order
with the corresponding primary county location. The figures
in the first five columns represent the taxes levied by each
of these type of governmental units on the property located
within each city. For example, for the City of Akron, the
figure in the county column ($4,081,003) represents the
tangible personal property taxes levied on property within
Akron's city limits by Summit County. The column for
delinquent taxes includes not only delinquent taxes from the
previous year (2004), but also delinquent taxes remaining
from all previous years.
The figures shown have been compiled from abstracts filed by
each of the 88 county auditors with the Ohio Department of
Taxation, Tax Equalization Division.