Tax Data Series

Tangible Personal Property Tax

Tangible Personal Property Tax Data
Taxes Levied by All Governmental Units and Value of Property, by City, Calendar Year 2005

The tangible personal property tax is a tax on businesses in Ohio. Tangible personal property taxes levied within cities by all local governments in Ohio for calendar year 2005 totaled $1.1 billion on a total assessed value of $13.4 billion. Both of these figures are after deduction of the $10,000 exemption granted each taxpayer.

The tangible personal property tax is being phased out between 2006 and 2009 as part of the tax changes contained in Amended Substitute House Bill 66, the two-year state budget bill for Fiscal Years 2006-2007.

Tangible personal property taxes levied within cities are broken down as follows: school districts levied $820.8 million; county governments and special districts levied $214.8 million; townships levied $7.0 million; and city governments themselves levied $81.3 million. All figures represent taxes levied for 2005 to be collected in the same year.

The names of municipalities are shown in alphabetical order with the corresponding primary county location. The figures in the first five columns represent the taxes levied by each of these type of governmental units on the property located within each city. For example, for the City of Akron, the figure in the county column ($4,081,003) represents the tangible personal property taxes levied on property within Akron's city limits by Summit County. The column for delinquent taxes includes not only delinquent taxes from the previous year (2004), but also delinquent taxes remaining from all previous years.

The figures shown have been compiled from abstracts filed by each of the 88 county auditors with the Ohio Department of Taxation, Tax Equalization Division.