Statutory Changes

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 $25,000.00  or more and with an estate tax credit of $500.00.   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 $200,000.00, with an estate tax credit of $6,600.00.   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 will increase to 70 percent.