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Education


Ohio property tax burden shifts from business to residential
New study says cuts in taxes on inventory and equipment have made the biggest difference in the last 35 years.
by WKSU's M.L. SCHULTZE


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M.L. Schultze
 
The Perry nuclear power plan transformed the school district that had been among the poorest in the state and made it one of the richest -- until the state made tax changes.
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A new study shows Ohio’s property taxes have been shifting from business to residential and agriculture over the last 35 years. And, as WKSU’s M.L. Schultze reports, it’s a shift that’s accelerated over the last 20 years. 

LISTEN: Property tax shift in Ohio

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Ohio State University’s Howard Fleeter did the study for the Education Tax Policy Institute. And he says one conclusion for homeowners is clear. 

“If they feel like their tax bill has been going up, it’s not an illusion. It has been.” 

His study shows that’s both in terms of total dollars and in the share of property taxes paid by homeowners compared to businesses. Homeowners and farmers were paying about 48 percent of the property taxes in 1975. That was up to more than 70 percent in 2011. 

Teeter says the biggest part of that shift came from cutting taxes companies and utilities paid on inventory and equipment. It was a move seen as good for business. 

“But the consequences for schools and other local governments are that for districts that had a power plant or a large factory or an outlet mall, they could be severely affected by that. And then the impetus is, if your tax base has shrunk because we’re no longer taxing a big taxpayer, then the burden is then shifted on the remaining taxpayers.” 

Teeter noted that the state made up to the districts some of the loss of the taxes on inventory and equipment, but ratcheted way back on that in 2012 and 2013. 

Listener Comments:

My property taxes went up 50% this year. I guess this was after CAUV re evaluation. Of course after my income has gone down.


Posted by: Keith (Fairfield County) on June 26, 2014 6:06AM
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