Tax Data Series

Real, Public Utility Property Tax

Real Estate and Public Utility Property Taxes:
Gross Taxes Levied, Taxes Charged, and Value of Property by Class of Property and County, Calendar Year 2000 (2001 Collections)

Taxes charged on all real estate and public utility tangible personal property by all local governments in Ohio for calendar year 2000 (2001 collection) were $9.7 billion on a total assessed value of $181.5 billion, as reported on abstracts filed by the county auditors. This compares to $14.3 billion in gross taxes levied (i.e., before tax reduction factors) on the same property.

Percentage tax reductions required by Section 319.301 of the Ohio Revised Code were applied to the gross amount of taxes levied to obtain the net amount of taxes charged.

Cuyahoga County maintains the highest total values and taxes (levied and charged). Vinton County had the lowest total values and taxes (levied and charged) in all areas excluding public utility values and taxes.

Cuyahoga County had the largest dollar increase in total value from tax year 1999 to 2000 at $2.8 billion (25.1 percent) while Adams County had the largest dollar decrease at $25.6 million (4.6 percent). Similarly, Cuyahoga County had the highest increase in total gross taxes levied at $346.4 million (27.5 percent) and the highest increase in total taxes charged at $132.7 million (26.2 percent).

Separate percentage tax reductions were applied to two classes of real property: the combined value of residential and agricultural property and the combined value of commercial, industrial, mineral, and public utility property. The tax reduction factors are calculated to eliminate the effect of increases in the valuation of existing real property in a taxing unit (school district, county, municipality, etc.) on voted taxes. These percentage tax reductions do not apply to public utility tangible personal property taxes. The chart below shows the impact of the tax reduction factors on taxes levied for tax years 1996-2000. For tax year 2000 this amounted to approximately $4.7 billion in reduced taxes. The "taxes charged" figure is prior to any reduction of real estate taxes resulting from the 10 percent rollback for all real property, 2.5 percent rollback for residential real property, or homestead exemption. These reductions are fully reimbursed to local governments from the state General Revenue Fund.

The figures were taken from abstracts filed with the Ohio Department of Taxation.