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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His<strong>to</strong>ry <strong>of</strong> Assessment Rate Changes<br />
• Assessment rate for rural electrics reduced<br />
from 100% <strong>to</strong> 50% in 1941<br />
• Assessment rates <strong>of</strong> railroads reduced from<br />
100% <strong>to</strong> 25% in 1979<br />
• All inter-exchange property <strong>and</strong> new local<br />
exchange property assessment rates reduced<br />
from 88% <strong>to</strong> 25% in 1995<br />
• All natural gas property assessment rates<br />
reduced from 88% <strong>to</strong> 25% in 2001<br />
His<strong>to</strong>ry <strong>of</strong> Assessment Rate Changes<br />
• Electric production property assessment rate<br />
reduced from 100% <strong>to</strong> 25% in 2001<br />
• O<strong>the</strong>r electric property (except transmission<br />
<strong>and</strong> distribution) assessment rate reduced<br />
from 88% <strong>to</strong> 25% in 2001<br />
• Rural electric property (except transmission<br />
<strong>and</strong> distribution) reduced from 50% <strong>to</strong> 25%<br />
in 2001<br />
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