Report: Ohio has ninth-lowest property taxes in the country

Ohio has the ninth-lowest property taxes in the country, according to a new report.

The ranking is included in the Tax Foundation's 2020 State Business Tax Climate Index. The property tax, including taxes on real and personal property, accounts for 16.6 percent of a state's score in the index, and overall, Ohio ranked No. 38.

In 2014 and 2015, Ohio ranked No. 12 for property tax, and the state moved up to No. 7 in 2016. The Buckeye State ranked No. 8 in 2017 but dropped to No. 11 in 2018. The state moved up a notch to No. 9 for 2019, a position it retains for 2020.

Ohio is one of seven states that exempt all tangible personal property from taxation, according to the report.

Ohio's neighboring states on the list included West Virginia (No. 17), Pennsylvania (No. 21), Michigan (No. 24) and Kentucky (No. 36). Indiana bested Ohio, ranking No. 2 in the country.

Nationally, New Mexico topped the list, while Connecticut ranked at the bottom.

— Story courtesy of The Center Square

This story was originally published January 6, 2020 at 4:56 AM with the headline "Report: Ohio has ninth-lowest property taxes in the country."