Tax Data Series

All Property Taxes

Real, Public Utility and Tangible Personal Property Taxes: Assessed Value and Taxes Levied for Taxes Payable in Calendar Year 2007, by County

Table PD-30 shows total assessed value of, and taxes levied on, real, public utility personal, and tangible personal property for taxes payable in calendar year 2007. Taxes for real and public utility personal property were levied in tax year 2006, but payable in calendar year 2007. Special assessments were also levied in tax year 2006 and payable in calendar year 2007.  In contrast, tangible personal property taxes (excluding public utility personal property) were levied and payable in the same year - in this case 2007. (The tangible personal property tax is being phased out between 2006 and 2009 as part of the tax changes contained in Amended Substitute House Bill 66, the two-year state budget bill for Fiscal Years 2006-2007.)

Total statewide taxes levied on these three categories of property were $14.7 billion on a total assessed value of $256.1 billion. Total real property taxes were approximately $13.0 billion, while public utility personal property and tangible personal property taxes totaled $0.7 billion and $1.0 billion, respectively. Special assessments totaled $388.7 million.

The total value of real property was $234.1 billion compared to $9.7 billion and $12.3 billion for public utility personal and tangible personal property, respectively.

Real property taxes shown in the table are after application of “tax reduction factors” and are prior to subtracting the 10 percent property tax rollback for all real property, the 2.5 percent rollback for residential real property, and the homestead exemption deduction.

Among all Ohio counties, Cuyahoga County had the highest total property value at $36.0 billion, of which real property accounted for $33.8 billion. It also had the highest amount of total taxes charged at $2.6 billion, of which real property accounted for $2.4 billion.

Vinton County had the lowest total property value at $172.2 million, of which real property accounted for $138.8 million.  It also  produced the lowest total taxes charged at $7.5 million, of which real property accounted for $6.0  million.

Hamilton County led all Ohio counties in the amount of special assessments levied, with $64.5 million. Three counties – Holmes, Morgan and Vinton - recorded no special assessment levies.

Data for this table were taken from abstracts filed by county auditors with the Ohio Department of Taxation.