Tax Data Series

Real Property

Taxable Value of Real Property by Class of Property and County, Calendar Year 2003

All real property (except railroad property) in Ohio is classified by county auditors into one of five categories: residential, agricultural, industrial, commercial (includes public utility real property), and mineral.  The classification is based on the property’s highest and best possible use, or for agricultural property its current use.

In calendar year 2003, the total taxable value of all real property in Ohio was approximately $196.4 billion. Of this amount, $142.6 billion or 72.6% was classified as residential property, $8.5 billion or 4.3% was classified as agricultural property, $8.9 billion or 4.6% was classified as industrial property, $36.2 billion or 18.4% was classified as commercial property, and $0.1 billion or 0.1% was classified as mineral property.

The counties with the highest percentage of each of the five property categories were: residential, Delaware County (83.5%); agricultural, Noble County (38.7%); industrial, Adams County (20.4%); commercial, Gallia County (28.7%); and mineral, Noble County (2.7%).

The counties with the lowest percentage of each of the five property categories were: residential, Monroe County (46.2%); agricultural, Cuyahoga County (0.0%); industrial, Gallia County (1.1%); commercial, Vinton County (5.4%); and 31 counties reported having no mineral property value.

These figures are taken from real property abstracts filed by county auditors with the Ohio Department of Taxation.