Real, Public Utility Property Tax
Real Estate and Public Utility Property Taxes:
Gross Taxes Levied, Taxes Charged, and Value of Property by
Class of Property and County, Calendar Year 2000 (2001
Taxes charged on all real estate and public utility tangible
personal property by all local governments in Ohio for
calendar year 2000 (2001 collection) were $9.7 billion on a
total assessed value of $181.5 billion, as reported on
abstracts filed by the county auditors. This compares to
$14.3 billion in gross taxes levied (i.e., before tax
reduction factors) on the same property.
Percentage tax reductions required by Section 319.301 of the
Ohio Revised Code were applied to the gross amount of taxes
levied to obtain the net amount of taxes charged.
Cuyahoga County maintains the highest total values and taxes
(levied and charged). Vinton County had the lowest total
values and taxes (levied and charged) in all areas excluding
public utility values and taxes.
Cuyahoga County had the largest dollar increase in total
value from tax year 1999 to 2000 at $2.8 billion (25.1
percent) while Adams County had the largest dollar decrease
at $25.6 million (4.6 percent). Similarly, Cuyahoga County
had the highest increase in total gross taxes levied at
$346.4 million (27.5 percent) and the highest increase in
total taxes charged at $132.7 million (26.2 percent).
Separate percentage tax reductions were applied to two
classes of real property: the combined value of residential
and agricultural property and the combined value of
commercial, industrial, mineral, and public utility property.
The tax reduction factors are calculated to eliminate the
effect of increases in the valuation of existing real
property in a taxing unit (school district, county,
municipality, etc.) on voted taxes. These percentage tax
reductions do not apply to public utility tangible personal
property taxes. The chart below shows the impact of the tax
reduction factors on taxes levied for tax years 1996-2000.
For tax year 2000 this amounted to approximately $4.7 billion
in reduced taxes. The "taxes charged" figure is prior to any
reduction of real estate taxes resulting from the 10 percent
rollback for all real property, 2.5 percent rollback for
residential real property, or homestead exemption. These
reductions are fully reimbursed to local governments from the
state General Revenue Fund.
The figures were taken from abstracts filed with the Ohio
Department of Taxation.