PDF/Printer Friendly Version Is your Ohio Real Estate Tax liability going up or down? The Ohio real estate tax system, even in a typical year, presents timing and economic dilemmas for owners, largely because the value of the real estate is measured as of the first day of the tax year, yet the liability is not due until the following calendar year. Accordingly, because of the 12-month lag, owners may find themselves in a different economic environment when the tax is due, as