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 2002 (2003
Collections)
Taxes charged on all real estate and on public utility
tangible property by all local governments in Ohio for
calendar year 2002 (2003 collection) were $10.6 billion on a
total assessed value of $196.8 billion, as reported on
abstracts filed by the county auditors. This compares to
$15.9 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.
Separate percentage reductions are 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 levies. These tax reductions do not apply to public
utility tangible personal property taxes.
Real property taxes charged (not real property gross taxes
levied) represent tax revenues to be received by local
governments. 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.
Cuyahoga County maintains the highest total values and taxes
(levied and charged) in all categories. Excluding public
utility values and taxes, Vinton County had the lowest total
values and taxes (levied and charged); Wyandot County had the
lowest public utility values and taxes.
With respect to changes in value, Franklin County had
the largest dollar increase in total value from tax year 2001
to 2002 at $2.5 billion (12.9 percent) while Monroe County
had the smallest dollar increase in total value at $20,430
(0.0 percent).
In terms of changes in taxes, Franklin County had the largest
dollar increase in total taxes levied from tax year 2001 to
2002 at $246.2 million (13.8 percent) and the largest dollar
increase in total taxes charged at $91.6 million (7.6
percent). Sandusky County had the largest dollar decrease in
total taxes levied from tax year 2001 to 2002 at -$532,310
(-1.1 percent) while Hardin County had the largest dollar
decrease in total taxes charged at -$714,462 (-4.7 percent).
The figures were taken from abstracts filed by the county
auditors with the Ohio Department of
Taxation.