Tax Data Series

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 2008 (2009 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 2008 (2009 collection) were $8.6 billion on a total assessed value of $137.9 billion. The gross amount of real estate and public utility tangible personal property taxes levied (before reduction factors) was almost $13.0 billion.

In calendar year 2008, 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 $15,900.5 million, $1,555.0 million and $1,038.2 million, respectively. In contrast, the City of New Lexington in Perry County had the smallest amount of taxable value, gross taxes levied and taxes charged, at $45.6 million, $2.8 million and $2.0 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 partial exemption on certain residential and agricultural property, the 2.5 percent rollback for owner-occupied residential real property, or the homestead exemption for senior citizens and certain disabled homeowners. 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.