Tangible Personal Property Tax
Taxes Levied by All Governmental Units and Value of
Property, by City,
Calendar Year 2007
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
2007 totaled $655.1 million on a total assessed value of
$7,623.3 million. Both of these figures are after deduction
of the $10,000 exemption granted each taxpayer.
The tangible personal property tax is in the process of 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 $476.9
million; county governments and special districts levied
$125.9 million; townships levied $4.7 million; and city
governments themselves levied $47.7 million. All
figures represent taxes levied for 2007 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 ($3,090,692) 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 (2006), 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.