Tangible Personal Property Tax
Tangible Personal Property Tax Data
Reduction in Value and Amount Reimbursed for the $10,000
by County, Calendar Year 1994
This table shows the reduction in taxable value in each
county resulting from the $10,000 tangible personal property
tax exemption. Also shown is the amount reimbursed by the
state to each county to compensate them for the local
tangible personal property tax loss. This exemption applies
to the first $10,000 of taxable value for each company in
Ohio. The local revenue loss caused by this exemption is
completely reimbursed by the state.
The total reduction in taxable value caused by this exemption
in 1994 was approximately $1.1 billion, slightly lower than
1993. The total amount reimbursed to local governments for
the taxes that would have been levied on this property
amounted to $80.1 million in 1994, a 3.4 percent increase
from the $77.5 million reimbursed in 1993.
Cuyahoga County had the largest increase in the amount of
reduced taxable value from $148.1 million in 1993 to $149.8
million in 1994, a $1.7 million increase. Ashtabula County
had the largest decline in the amount of reduced taxable
value from $10.9 million in 1993 to $9.0 million in 1994, a
$1.9 million decline. Montgomery County had the largest
increase in the amount reimbursed from $4.3 million in 1993
to $4.6 million in 1994, a $0.3 million increase. Ashtabula
County had the largest decline in the amount reimbursed,
The reductions in value shown on this table were compiled
from abstracts filed by each of the 88 county auditors with
the Ohio Department of Taxation, Tax Equalization Division.
The data on the amount reimbursed to the counties are the
amounts certified for reimbursement by the county treasurers.