Real Estate and Public Utility Tangible Property Taxes
Real Estate and Public Utility Tangible Property
Taxes
Gross Taxes Levied, Taxes Charged, and Value of Property by
Class of Property and City, Calendar Year 2000 (2001
Collections)
Taxes charged (after reduction factors) on all real estate
and on public utility tangible property within cities by all
local governments in Ohio for calendar year 2000 (2001
collection) were $5.7 billion on a total assessed value of
$101.1 billion. The gross amount of real estate and public
utility tangible personal property taxes levied (before
reduction factors) reported on abstracts filed by the county
auditors was $8.5 billion.
In calendar year 2000, the City of Columbus in Franklin
County had the largest total in dollars of taxable value,
gross taxes levied and taxes charged on all real and public
utility property at $11,149.6 million, $917.9 million and
$631.1 million, respectively. Similarly, the City of Bellaire
in Belmont County had the smallest total in gross taxes
levied and taxes charged at $30.5 million, $1.7 million and
$1.4 million, respectively.
Percentage reductions required by Section 319.301 of the Ohio
Revised Code were applied to the gross levied to get the net
figure for taxes charged. Separate 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 levies. As shown on the
attached table, these percentage 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 and are therefore not reductions in local
revenues.
The figures were taken from abstracts filed by the county
auditors with the Ohio Department of
Taxation.