Tax Data Series

REAL ESTATE AND PUBLIC UTILITY PROPERTY TAXES: Taxable Values, Gross Taxes Levied, Taxes Charged by Class of Property and City, Tax Year 2017 (Calendar Year 2018 Collection)

Net taxes charged (after reduction factors and before tax credits) on all real estate and on public utility tangible property within cities by all local governments in Ohio for tax year 2017 (calendar year 2018 collection) were approximately $10.2 billion on a total assessed value of approximately $134.0 billion. The gross amount of real estate and public utility tangible personal property taxes (before reduction factors) was approximately $14.1 billion.

In tax year 2017, 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 approximately $16.6 billion, approximately $1.8 billion and approximately $1.3 billion, respectively. In contrast, the City of Nelsonville in Athens county had the lowest amount of taxable value at approximately $51.2 million; the City of Wellston in Jackson county had the lowest taxes gross taxes levied at approximately $2.9 million while the City of Uhrichsville in Tuscarawas County had the lowest taxes charged at approximately $2.7 million.

Percentage reductions ("reduction factors") required by Section 319.301 of the Ohio Revised Code were applied to the gross taxes resulting in net taxes. 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.

Net taxes shown in the table are taxes calculated prior to any reductions: ten percent credit for non-business property, the two and a half percent credit 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 property tax abstracts (form DTE 4259) filed by the county auditors with the Ohio Department of Taxation.