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 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.