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 1994 (1995
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 1994 (1995
collection) were $4,142.7 million on a total assessed value
of $74,168.4 million. 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 $5,858.5 million.
In calendar year 1994, 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 $7,928.5 million, $595.4 million and
$443.2 million, respectively. Greenfield in Highland County
had the smallest total in dollars of gross taxes levied and
taxes charged at $1.2 million and $1.0 million, respectively
while Toronto in Jefferson County had the smallest total in
taxable value at $23.8 million.
Lebanon in Warren County had the largest percentage increase
in total taxable value, gross taxes levied and taxes charged
from calendar year 1993 to 1994 at 29.8 percent, 43.1 percent
and 38.9 percent, respectively. These increases were due to
the reappraisal of the county as well as tax rate increases.
Lima in Allen County had the largest percentage decrease in
total value at -2.1 percent; Salem in Columbiana County had
the largest percentage decrease in gross taxes levied at -
2.8 percent; and Lancaster in Fairfield County had the
largest percentage decrease in total taxes charged at -2.1
percent.
Percentage reductions required by Section 319.301 of the Ohio
Revised Code were applied to the gross taxes 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 taxes. 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 not technically reductions in "taxes
charged."
The figures were taken from abstracts filed by the county
auditors with the Ohio Department of Taxation.