Estate Tax

Dates of death prior to January 1, 2013

Estates of individuals with a date of death prior to January 1, 2013: the department still requires a tax release or a tax waiver form for all asset transfers greater than $25,000. Estates with a net taxable value of $338,333 or less were effectively exempt from payment of the tax. A 6% tax rate applied to any net taxable value above that mark, up to $500,000. A 7% tax rate applied to any net taxable value over $500,000.

Checklist

The following items must accompany the estate tax filing:

  1. Two signed copies of the Ohio estate tax return (ET 2 or ET 2X and ET 4, if applicable)
  2. Copy of the decedents will, trust, federal gift tax return(s)
  3. Copy of real estate appraisals
  4. Ohio Estate Tax Forms ET 5, ET 17 (if payment is being made) and ET 22
When and where to file (Section 5731.21)  Returns are required to be filed within nine months from decedent’s date of death. All filings must be made in duplicate with the probate court where will is probated or estate is administered, or where the Ohio property is located, if for a nonresident decedent.
When and where to pay (tax and interest) (Section 5731.23)
Tax and interest are paid at the county auditor’s office, with the check drawn to the order of the county treasurer. Interest begins to accrue at variable rates nine months from decedent’s date of death. The county auditor will calculate any interest owing.