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 2011 (2012 Collections)

Taxes charged on all real estate and on public utility tangible property by all local governments in Ohio for calendar year 2011 (2012 collection) were $15.4 billion on a total assessed value of $241.4 billion, as reported on abstracts filed by the county auditors. This compares to $21.6 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 2011, Cuyahoga County maintained the highest total values and taxes (levied and charged).  Vinton County had the lowest total values and taxes (levied and charged).

With respect to changes in value, Putnam County had the largest dollar increase in total value from tax year 2010 to 2011 at $71.5 million (10.9 percent) while Hamilton County had the smallest dollar decrease in total value, a loss of $1,741.3 million (-8.8%).

In terms of changes in taxes, Warren County also had the largest dollar increase in total taxes levied from tax year 2010 to 2011, at $29.0 million (5.9 percent) and the largest dollar increase in total taxes charged at $28.1 million (8.4 percent).  Hamilton County had the largest dollar decrease in total taxes levied from tax year 2010 to 2011, at -$151.3 million (-7.8 percent) while Montgomery County had the largest dollar decrease in total taxes charged, at -$26.6 million (-3.3 percent).

The figures were taken from abstracts filed by the county auditors with the Ohio Department of Taxation.