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 1998 (1999
Taxes charged on all real estate and public utility tangible
property by all local governments in Ohio for calendar year
1998 (1999 collection) were $8,585.5 million on a total
assessed value of $157,273.0 million, as reported on
abstracts filed by the county auditors. This compares to
$12,125.8 million 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.
Cuyahoga County maintains the highest total values and taxes
(levied and charged) while Vinton County had the lowest total
values and taxes (levied and charged).
Franklin County also had the largest dollar increase in total
value from tax year 1997 to 1998 at $629.3 million (4.0
percent) while Mahoning County had the largest dollar
decrease at $330.4 million (12.3 percent). Similarly,
Franklin County had the highest increase in total gross taxes
levied at $124.9 million (9.3 percent) and the highest
increase in total taxes charged at $106.8 million (11.2
Separate percentage tax 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. These percentage tax
reductions do not apply to public utility tangible personal
property taxes. The chart below shows the impact of the tax
reduction factors on taxes levied for tax years 1994-1998.
For tax year 1998 this amounted to approximately $3.5 billion
in reduced 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.