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 1989 (1990 Collections)

The gross amount of Ohio's real estate and public utility tangible personal property taxes reported on abstracts filed by the county auditors was $6,503.9 million. Taxes charged on all real estate and on public utility tangible property by all local governments in Ohio for calendar year 1989 (1990 collection) were $5,025.8 million on a total assessed value of $98,864.6 million.

Cuyahoga County maintains the highest total values and taxes (levied and charged). Vinton County holds the lowest real property values and taxes while Paulding County has the lowest public utility tangible personal property values and taxes. Several counties showed large increases from 1988 in the public utility tangible personal property values and taxes. The main source of these increases were due to a valuation distribution from the Perry Nuclear Power plant (Lake County) to counties for the 1989 tax year.

Lake County had the largest dollar increase in total value from tax year 1988 to 1989 at $495.1 million (14.1 percent) while Paulding County had the largest dollar decrease at $17.7 million (0.5 percent). Hamilton and Cuyahoga Counties had the highest increases in total taxes levied and charged at $51.0 million and $53.3 million, respectively.

Percentage reductions required by Section 319.301 of the Ohio Revised Code were applied to the gross amount to get the net figure for taxes charged.

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. 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. As shown on the attached table, these percentage tax reductions do not apply to public utility tangible personal property taxes. 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 homestead exemption. These reductions are fully reimbursed to local governments from the State General Revenue Fund.

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