Tax Data Series

Real Property

Taxable Value of Real Property by Class of Property and County, Calendar Year 2011

All real property (except railroad property) in Ohio is classified by county auditors into one of five categories, depending on the property’s highest and best possible use, or for certain agricultural property its current use. These categories are residential, agricultural, industrial, commercial (includes public utility real property), and mineral.

In calendar year 2011, the total taxable value of all real property in Ohio was approximately $231.2 billion, a drop of 2.9% from calendar year 2010. Of this amount, $166.6 billion or 72.1% was classified as residential property, $12.8 billion or 5.5% was classified as agricultural property, $9.9 billion or 4.3% was classified as industrial property, $41.7 billion or 18.0% was classified as commercial property, and $0.2 billion or 0.1% was classified as mineral property.

The counties with the highest percentage of each of the five property categories were: residential, Delaware County (86.0%); agricultural, Noble County (44.7%); industrial, Adams County (16.6%); commercial, Cuyahoga County (25.8%); and mineral, Monroe County (3.6%).

The counties with the lowest percentage of each of the five property categories were: residential, Noble County (44.4%); agricultural, Cuyahoga County (0.0%); industrial, Athens County (0.7%); commercial, Vinton County (4.6%); and 34 counties reported having no mineral property value.

These figures are taken from real property abstracts filed by county auditors with the Ohio Department of Taxation.