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
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.