The County Auditor serves as the agent for the Tax Commisioner of Ohio in the administration of the Ohio estate tax. The following summarizes statutory and administrative rule changes impacting the regulation of estate tax in Ohio:
- Beginning January 1, 2001, regardless of the decedent’s date of death, the tax commisioner has authorized an automatic, six-month extension of time to file the Ohio Estate Tax Return. However, any payments made after nine months from the date of death should be charged statutory interest.
- The tax commisioner no longer requires an audit of a safe deposit box upon the death of the owner.
- Beginning January 1, 2001, the county auditor is no longer required to issue a consent to transfer for accounts $25,000 or less.
|
Net taxable Estate |
Tax Rate |
|
Over $200,000 but not over $300,000 |
$6,600+5% of excess over $200,000 |
|
Over $300,000 but not over $500,000 |
$11,600+6% of excess over $300,000 |
|
Over $500,000 |
$23600+7% of excess over $500,000 |
Call 1-800-977-7711 for specific Estate tax questions.