Tax Data Series

REAL ESTATE TAXES: 

Taxable Value of Real Property by Class of Property and County, Calendar year 2014

All real property (except railroad property) in Ohio is classified by county auditors; these classifications fall into one of five categories, depending on the properties’ 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 2014, the total taxable value of all real property in Ohio was approximately $230.4 billion, an increase of 1.8% from calendar year 2013. Of this amount, $161.9 billion or 70.3% was classified as residential property, $18.1 billion or 7.9% was classified as agricultural property, $9.7 billion or 4.2% was classified as industrial property, $40.3 billion or 17.5% was classified as commercial property, and $0.3 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 (85.5%); agricultural, Hardin County (51.0%); industrial, Adams County (14.9%); commercial, Cuyahoga County (26.7%); and mineral, Carroll County (14.5%).

The counties with the lowest percentage of each of the five property categories were: residential, Monroe County (38.7%); agricultural, Cuyahoga County (0.0%); industrial, Athens County (0.7%); commercial, Vinton County (4.1%); and 33 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.