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 1999 (2000 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 1999 (2000
collection) were $5.4 billion on a total assessed value of
$94.9 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 $7.9 billion.
In calendar year 1999, 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 $10,715.0 million, $878.8 million and
$606.6 million, respectively. Holiday City in Williams County
had the smallest total in taxable value at $27.9 million
while Greenfield in Highland County had the smallest gross
taxes levied at $1.4 million and taxes charged at $1.2
million.
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.