Real Estate and Public Utility Tangible Property Taxes
Real Estate and Public Utility Tangible Property
Gross Taxes Levied, Taxes Charged, and Value of Property by
Class of Property and City, Calendar Year 2004 (2005
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 2004 (2005
collection) were $7.1 billion on a total assessed value of
$118.4 billion. The gross amount of real estate and public
utility tangible personal property taxes levied (before
reduction factors) was $10.7 billion.
In calendar year 2004, the City of Columbus in Franklin
County had the largest amount of taxable value, gross taxes
levied and taxes charged on all real and public utility
property, at $13,234.2 million, $1,205.3 million and $819.1
million, respectively. In contrast, the City of Bellaire in
Belmont County had the smallest amount of taxable value,
gross taxes levied and taxes charged, at $31.5 million, $1.8
million and $1.5 million, respectively.
Percentage reductions ("reduction factors") required by
Section 319.301 of the Ohio Revised Code were applied to the
gross taxes levied to get the net figure equal to taxes
charged. Separate reduction factors 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 reduction factors 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
The figures were taken from abstracts filed by the county
auditors with the Ohio Department of Taxation.