Tax Data Series

REAL ESTATE and PUBLIC UTILITY PERSONAL PROPERTY TAXES:

Assessed Value and Taxes Levied for Taxes Payable in Calendar year 2017, by County 

Table PD-30 shows total assessed value of, and taxes levied on, real, and public utility tangible personal property for taxes payable in calendar year 2017; taxes were levied in tax year 2016, payable in calendar year 2017. Similarly, special assessments were also levied in tax year 2016 and payable in calendar year 2017.

The total assessed value of all property in Ohio was almost $254.0 billion; real property accounted for approximately $238.3 billion of this total while $15.7 billion was the value of public utility tangible personal property. Comparatively, total statewide taxes charged were $17.4 billion; real property taxes were $16.2 billion while public utility tangible personal property totaled $1.3 billion. Special assessments totaled almost $581.5 million.

Real property taxes charged represent tax revenues to be received by local governments. The “taxes charged” figure is prior to any reduction of real estate taxes resulting from the non-business credit (formerly the ten percent rollback for all real property not intended primarily for use in a business activity), owner-occupancy credit (formerly the two and a half percent rollback for residential real property), or homestead exemption. These reductions are reimbursed to local governments from the State general revenue fund (net of fees deducted to pay for the state's administration of local property taxes).

Among all Ohio counties, Cuyahoga County had the highest total property value at $27.6 billion, of which real property accounted for $26.6 billion. It also had the highest amount of total taxes charged at $2.5 billion, of which real property accounted for $2.4 billion, and the highest amount of special assessments levied, with almost $135.0 million.

Vinton County had the lowest total property value at $299.8 million, of which real property accounted for $170.5 million as well as the lowest total taxes charged at $13.5 million, of which real property accounted for almost $7.7 million. The county also had the lowest amount of special assessments levied with $2,787.

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