Tax Data Series

Real Estate and Public Utility Tangible Property Taxes

Gross Taxes Levied, Taxes Charged, and Value of Property by Class of Property and City, Calendar Year 2002 (2003 Collections)

Taxes charged (after reduction factors) on real estate and public utility tangible property within cities by all local governments in Ohio for calendar year 2002 (2003 collection) were $6.2 billion on a total assessed value of $109.5 billion. The gross amount of real estate and public utility tangible property taxes levied (before reduction factors) was $9.5 billion.

In calendar year 2002, the city of Columbus in Franklin County had the largest total in dollars of taxable value, gross taxes levied and taxes charged on all real and public utility property at $12,634.2 million, $1,054.3 million and $682.5 million, respectively. In contrast, Holiday City in Williams County had the smallest total in gross taxes levied and taxes charged at $7.3 million, $0.5 million and $0.3 million, respectively.

Percentage reductions required by Section 319.301 of the Ohio Revised Code were applied to the gross taxes levied to get the net figure for taxes charged. Separate percentage 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 levies. As shown on the attached table, these percentage reductions do not apply to public utility tangible personal 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 and are therefore not reductions in local revenues.

The figures were taken from abstracts filed by the county auditors with the Ohio Department of Taxation.