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 1995 (1996
Taxes charged on all Ohio's real estate and public utility
tangible property by all local governments in Ohio for
calendar year 1995 (1996 collection) were $7,380.7 million on
a total assessed value of $135,655.7 million, as reported on
abstracts filed by the county auditors. This compares to
$10,183.8 million in taxes levied (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) while Vinton County had the lowest total
values and taxes (levied and charged).
Medina County had the largest dollar increase in total value
from tax year 1994 to 1995 at $473.3 million (27.0 percent)
while Stark County had the largest dollar decrease at $15.5
million (0.4 percent). Franklin County had the highest
increase in total taxes levied at $47.2 million (4.2 percent)
and Cuyahoga County had the highest increase in total taxes
charged at $55.3 million (4.6 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. As shown on the attached
table, these percentage tax reductions do not apply to public
utility tangible personal property 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.