Tax Data Series

Tangible Personal Property Tax

Taxes Levied by All Governmental Units and Value of Property, by City,
Calendar Year 2008

The tangible personal property tax is a tax on businesses in Ohio.  Taxes levied on tangible personal property within cities by all local governments in Ohio for calendar year 2008 totaled $348.9 million on a total taxable value of $4.0 billion (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.  The phase-out is accomplished by lowering the assessment percentage for all tangible personal property, including inventories.

This year constitutes the last edition of the PD-17 table.  Beginning in tax year 2009, all tangible personal property of general (non-public utility) taxpayers is exempt from taxation, with the exception of telephone companies (whose property is exempt starting in tax year 2011).

Tangible personal property taxes levied within cities are broken down as follows: school districts levied $254.0 million; county governments and special districts levied $66.8 million; townships levied $2.5 million; and city governments themselves levied $25.6 million.  All figures represent taxes levied for 2008 to be collected in the same year. (This differs from the real estate and public utility property taxes which are levied for a given year but collected the following 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 ($1,538,203) 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 (2007), 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.