Ohio’s tangible personal property tax, levied by local taxing authorities alongside real property taxes, raised a combined $1.7 billion in local revenues in fiscal year 2005, much of which flowed to school districts ($1.2 billion), though counties ($319 million), cities and villages ($92 million), and townships ($67 million) also leaned on the tax as a source of revenue.[13] Tangible personal property taxes are “taxpayer active,” meaning that taxpayers bear the… [read post]