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 1986 (1987
Taxes charged on all real estate and public utility tangible
property by all local governments in Ohio for calendar year
1986 (1987 collection) were $3,948,351,202 on a total
assessed value of $84,081,678,005. The gross amount of real
estate and public utility tangible personal property taxes
reported on abstracts filed by the county auditors was
$5,049,532,569. Applying the percentage reductions required
by Section 319.301 of the Ohio Revised Code to this gross
amount yields the net figure for taxes charged of
$3,948,351,202. Seperate percentage reductions were 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). As shown in the table, these percentage tax
reductions do not apply to public utility tangible personal
property taxes. This "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 since these
reductions are fully reimbursed to local governments from the
State General Revenue Fund and, therefore, are not
technically reductions in "taxes levied".
Real Property taxes are reduced directly through a "composite
tax reduction factor". Calculation of taxes levied after tax
reduction factors involves two main steps.
The Ohio Department of Taxation certifies to each county
auditor tax reduction factors to be applied to each tax levy
for each of the two classes of 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 taxes.
The Ohio Department of Taxation, then, calculates a composite
reduction factor to be applied to individual tax bills in a
taxing district for each taxing district in the county. (A
taxing district may be generally defined as a geographical
area in which the total rate is uniform throughout.) To
compute the composite tax reduction factors, the Department
of Taxation uses the reduction factors for each taxing unit
within a taxing district and multiplies them by the relative
weights of each levy effective in the taxing district.
The calculations yield "taxes charged" for each class of real
property as shown in Table PD-23.
The figures were taken from abstracts filed by county
auditors with the Ohio Department of Taxation.