Tangible Personal Property Tax
Taxes Levied by All Governmental Units and Value of
Property, by City,
Calendar Year 2008
The tangible personal property tax is a tax on businesses in
Ohio. Taxes levied on tangible personal property within
cities by all local governments in Ohio for calendar year
2008 totaled $348.9 million on a total taxable value of $4.0
billion (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. The phase-out is
accomplished by lowering the assessment percentage for all
tangible personal property, including inventories. For
more details on the phase-out see http://tax.ohio.gov/divisions/personal_property/PPT_law_changes_070303.stm
This year constitutes the last edition of the PD-17
table. Beginning in tax year 2009, all tangible
personal property of general (non-public utility) taxpayers
is exempt from taxation, with the exception of telephone
companies (whose property is exempt starting in tax year
2011).
Tangible personal property taxes levied within cities are
broken down as follows: school districts levied $254.0
million; county governments and special districts levied
$66.8 million; townships levied $2.5 million; and city
governments themselves levied $25.6 million. All
figures represent taxes levied for 2008 to be collected in
the same year. (This differs from the real estate and public
utility property taxes which are levied for a given year but
collected the following 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 ($1,538,203) 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 (2007), 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.