Ohio Income Tax
Ohio has a progressive income tax with rates ranging from 0-3.5%. Lower income earners pay the lower rate, with the top rate applying to the highest bracket.
Ohio Sales Tax
The state sales tax rate in Ohio is 5.75%. With an average local sales tax of 1.48%, the combined average sales tax rate is 7.23%.
Ohio Property Tax
The effective property tax rate in Ohio is 1.53%. With a median home value of $192,200, the median annual property tax bill is $2,836 ($236/month).
Property taxes in Ohio are significantly higher than the national average, which is an important factor for homebuyers.
Corporate & Business Taxes
The corporate tax rate in Ohio is 0% (gross receipts tax instead). Ohio does not impose a traditional corporate income tax, making it attractive for businesses.
Other Taxes in Ohio
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.39/gallon |
| Cigarette Tax | $1.60/pack |
| Estate Tax | No |
| Inheritance Tax | No |
Key Facts
No income tax on first $26,050. Uses a gross receipts tax instead of traditional corporate income tax.
Compare to Other States
See how salaries compare on our average salary in Ohio page. Thinking about starting a business? Check our LLC guide for Ohio. See the current minimum wage in Ohio.
Financial Calculators
Plan your finances in Ohio with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford