 According to the Small Business & Entrepreneurship Council , Ohio 's top personal income tax rate ranks # 25 as of 2014 . The rate has been steadily declining since the 2005 tax reform , dropping from $ 11 @,@ 506 @.@ 20 + 7 @.@ 5 % of excess over $ 200 @,@ 000 in 2004 to $ 8 @,@ 671 @.@ 63 + 5 @.@ 421 % of excess over $ 208 @,@ 500 in 2013 . Ohio has replaced its corporate income tax with a gross receipts tax called the Commercial Activity Tax ( CAT ) . Businesses with annual taxable gross receipts of more than $ 150 @,@ 000 are subject to an annual minimum CAT of $ 150 . Businesses with annual taxable gross receipts in excess of $ 1 million are subject to the annual minimum CAT of $ 150 plus apply a CAT effective rate of .26 % on receipts above $ 1 million on a quarterly basis ( with a $ 250 @,@ 000 quarterly exclusion ) . Ohio is # 24 in average property taxes at 3 @.@ 016 % of personal income , but the taxes vary by city and district . The state is # 19 in overall average percentage of income used for sales , excise , and gross receipt taxes at 2 @.@ 927 % . 
