Report of the Committee to Study State and Local Taxes - Ohio ...
Report of the Committee to Study State and Local Taxes - Ohio ...
Report of the Committee to Study State and Local Taxes - Ohio ...
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Public Utility Tangible Property Tax<br />
Tax Year 2001 <strong>Taxes</strong> --$715.3 million<br />
• Tax Base: Assessed value <strong>of</strong> public utility<br />
tangible property<br />
• Tax Rate: Varies by locality; average TY 2001<br />
rate was 73.6 mills<br />
• Who Pays: Public utilities with tangible<br />
property in <strong>the</strong> state<br />
• How Collected: Semi-annual payments <strong>to</strong> <strong>the</strong><br />
county treasurer<br />
• Who Administers: Returns are filed with ODT<br />
who <strong>the</strong>n certifies taxable values <strong>to</strong> county<br />
audi<strong>to</strong>rs<br />
Public Utility Reform<br />
• Responsibility for assessing real property <strong>of</strong><br />
utilities switched from ODT <strong>to</strong> county audi<strong>to</strong>rs in<br />
1982<br />
• True value <strong>of</strong> most utility tangible property based<br />
on composite allowances <strong>and</strong> assessed at 88<br />
percent based on Utility Tax Task Force<br />
recommendations beginning in 1990<br />
• There has been a gradual movement <strong>of</strong> assessment<br />
rates for utility tangible property <strong>to</strong> <strong>the</strong> assessment<br />
rate for general business tangible property<br />
32