Departments - Estate Tax - Statutory Change


Changes for dates of death on or after January 1, 2001

In the past, an Ohio Estate Tax Return was required for estates with a value of $25,000 or more and with an estate tax credit of $500. The new statute, which affects dates of death on or after January 1, 2001, requires that an estate tax return must be filed only for estates with a gross value of more than $200,000, with an estate tax credit of $6,600. The executor or administrator of the estate is responsible for filing the return with the county probate court where the decedent resided. For dates of death in 2001, the percentage of Ohio estate tax paid to local governments increased to 70 percent.


Changes for dates of death on or after January 1, 2002

For any dates of death on or after January 1, 2002, an estate tax return must be filed only for estates with a gross value of more than $338,333, with an estate tax credit of $13,900. The executor of administrator of the estate is responsible for filing the return with the county probate court where the decedent resided. For dates of death in 2002, the percentage of Ohio estate tax paid to local governments increased to 80 percent.