ASSESSED VALUATION OF EXEMPT REAL PROPERTY: by Class and County for Tax Year 2017
While approximately $246.9 billion of assessed real property value was taxable in Ohio during tax year 2017, approximately $54.4 billion was exempt from taxation due to provisions of the Ohio Constitution and the Revised Code. Table PE-2 shows the taxable value of the exempted real property by property class and by county.
The exempted property is broken into property classes based on reasons for exemption, ownership of the property, or purposes for which the property is used:
- Real property owned by federal, state, or local governments is exempt from real property taxation and is shown in the table under the categories, “United States of America,” “State of Ohio,” “County,” “Townships,” “Municipalities,” and “Boards of Education.”
- Other real property owned by governments and used for recreational rather than governmental purposes is found in the category of “Conservancy Districts and Park Districts.”
- Privately-owned educational facilities are exempted and the values are found in the category of “Schools, Colleges, and Academies.”
- Real property owned by institutions with tax exempt status is found in the categories of “Charitable Institutions” and “Churches.”
- Property used as cemeteries and fixtures used in cemeteries are in the category of “Cemeteries and Monuments.”
- Municipal, township, and county governments can grant exemptions as incentives for economic development and urban renewal; these forms of exempt real property fall under the heading of “Tax Abatements.”
- Not shown on this report, is a generalized miscellaneous category in which county auditors report exempt values for property not described in any of the above categories.
Property exempted due to tax abatements was the largest class of exempt real property in tax year 2017 with a value of approximately $12.1 billion; while "Boards of Education" property was the second largest class at approximately $8.3 billion.
The Ohio Department of Taxation reports these data as submitted by each county auditor via the exempt real property tax abstracts (DTE94); not all data can be verified or confirmed as accurate.