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 2007 (2008
Taxes charged on all real estate and on public utility
tangible property by all local governments in Ohio for
calendar year 2007 (2008 collection) were $13.7 billion on a
total assessed value of $244.2 billion, as reported on
abstracts filed by the county auditors. This compares to
$21.1 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; Class I Real Property is the combined value of
residential and agricultural property while Class II Real
Property is 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 not intended primarily for use
in a business activity, 2.5 percent rollback for residential
real property, or 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 2007, Cuyahoga County maintained the
highest total values and taxes (levied and charged).
Vinton County had the lowest total values and taxes levied
while Noble County had the lowest taxes charged.
With respect to changes in value, Medina County had the
largest dollar increase in total value from tax year 2006 to
2007 at $432.0 million (10.2 percent) while Cuyahoga County
had the smallest dollar increase in total value, a loss of
$3.6 billion (-10.5%).
In terms of changes in taxes, Medina County had the largest
dollar increase in total taxes levied from tax year 2006 to
2007, at $36.3 million (9.2 percent), while Montgomery County
had the largest dollar increase in total taxes charged, at
$49.1 million (7.5 percent). Cuyahoga County had the
largest dollar decrease in total taxes levied from tax year
2006 to 2007, at -$343.9 million (-9.0 percent) and the
largest dollar decrease in total taxes charged, at -$248.0
million (-10.2 percent).
The figures were taken from abstracts filed by the county
auditors with the Ohio Department of Taxation.