Auditor's Office

Estate Taxes

 

In Ohio, an Estate Tax return is filed within nine months of a person's date of death. One copy is filed with the Probate Court and a second copy is filed with the County Auditor, as agent of the Ohio Tax Commissioner. The tax due is based on the net value of the decedent's estate. This net value is based on the gross value minus the debts and administration expenses of the estate. The gross value is made up of all assets, such as real estate, bank accounts, stocks, bonds, personality and such. The debts and administration expenses are made up of funeral costs, attorney and executor fees, outstanding bills in the name of the decedent and such. Ohio allows an unlimited marital deduction that allows property to pass from one spouse to another without taxation. Ohio also allows a credit of $500.00 on the taxes due.

It is strongly recommended that an attorney be retained to prepare this form.

The County Auditor also approves Consent to Transfer Property (tax releases) for estates with assets over $25,000 per account. No releases are required for assets of $25,000 or less per account. The purpose of the tax release is twofold. First, it notifies the financial institution that it may transfer ownership of the assets. Second, it notifies the Department of Taxation that the estate and assets exist and that an estate tax return may be necessary.

Monies collected from the estate tax are distributed to the State of Ohio and the taxing district in which the decedent had resided and/or owned property.

 

Information on this site is believed to be accurate but not guaranteed. The Defiance County Auditor disclaims any liability for errors or omissions.

Defiance County prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation or political beliefs. Defiance County is also an equal opportunity employer.

Site Developed by Theano Point.