A new paper by Community Solutions Senior Fellow Dr. David Ellis finds that Ohio's eventual elimination of the corporate tangible personal property tax will mean that Ohio's homeowners will pick up an ever increasing share of the bill for local services like education, human services and public safety. That's because real property tax increases (borne mostly by homeowners) will be required by tax year 2011 to make up for the loss revenue. The loss in 2011 is $202.3 million and increases to $1.1 billion by 2018. The alternative to property tax increases will be local cuts in education, health care and public safety services. No county is harder hit by this scheme than Cuyahog and Franklin counties. That's because 22.8 percent of the total tangible personal property is located in Cuyahoga and Franklin counties. You can learn more by reading this PDF report on our website.