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 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.