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 1990 (1991
The gross amount of Ohio's real estate and public utility
tangible personal property taxes reported on abstracts filed
by the county auditors was $7,191.4 million. Taxes charged on
all real estate and on public utility tangible property by
all local governments in Ohio for calendar year 1990 (1991
collection) were $5,392.5 million on a total assessed value
of $106,791.7 million.
Cuyahoga County maintains the highest total values and taxes
(levied and charged). Vinton County holds the lowest real
property values and taxes while Wyandot County has the lowest
public utility tangible personal property values and taxes.
Hamilton County had the largest dollar increase in total
value from tax year 1989 to 1990 at $1.8 billion (20.9
percent) while Lake County had the largest dollar decrease at
$578.2 million (15.5 percent). The Lake county value
reduction was a result of a correction in the real property
value of the Perry Nuclear Power Plant. Hamilton and Cuyahoga
counties had the highest increases in total taxes levied and
charged at $127.9 million and $89.7 million, respectively.
Percentage reductions required by Section 319.301 of the Ohio
Revised Code were applied to the gross amount (taxes levied)
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.