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 2004 (2005
Collections)
Taxes charged on real estate and public utility tangible
property by local governments in Ohio for calendar year 2004
(2005 collection) were $12.0 billion on a total assessed
value of $212.6 billion, as reported on abstracts filed by
the county auditors. The gross tax on this property, before
reduction factors, was $17.9 billion.
Certain 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; Class I and Class II. Class I includes
residential and agricultural property while Class II real
property combines commercial, industrial, mineral, and public
utility property. Tax reduction factors are applied 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 the homestead exemption. These
reductions are reimbursed to local governments from the state
General Revenue Fund (net of fees deducted to pay for the
state's administration of local property taxes).
For calendar year 2004, Cuyahoga County maintained the
highest total values and taxes (levied and charged) among
counties while Vinton County still had the lowest total
values and taxes (levied and charged).
With respect to changes in value, Franklin County had the
largest dollar increase in total value from tax year 2003 to
2004 at $535.7 million (2.4 percent) while Fayette County had
the largest dollar decrease in total value at -$98.0 million
(-21.7 percent).
In terms of changes in taxes, Franklin County had the largest
dollar increase in total taxes levied from tax year 2003 to
2004, at $179.6 million (8.6 percent), and the largest dollar
increase in total taxes charged, at $160.5 million (12.1
percent). Fayette County had the largest dollar decrease in
total taxes levied from tax year 2003 to 2004, at -$5.9
million (-24.0 percent), while Clinton County had the largest
dollar decrease in total taxes charged, at -$7.1 million
(-20.0 percent).
The figures were taken from abstracts filed by the county
auditors with the Ohio Department of Taxation.