Ohio Depreciation Calculator

Real estate depreciation lets you deduct the cost of a building over its useful life — 27.5 years for residential property. Pre-filled with Ohio median property value of $241,000.

Market

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Property Details

Property Type

Purchase Price

Land Percentage($48,200 land)

Capital Improvements

Tax & Timeline

Marginal Tax Rate

Years Held

Depreciation Schedule

$7,011$7,011 total

$7,011$14,022 total

$7,011$21,033 total

$7,011$28,044 total

$7,011$35,055 total

$7,011$42,065 total

$7,011$49,076 total

$7,011$56,087 total

$7,011$63,098 total

$7,011$70,109 total

$7,011$77,120 total

$7,011$84,131 total

$7,011$91,142 total

$7,011$98,153 total

$7,011$105,164 total

$7,011$112,175 total

$7,011$119,185 total

$7,011$126,196 total

$7,011$133,207 total

$7,011$140,218 total

$7,011$147,229 total

$7,011$154,240 total

$7,011$161,251 total

$7,011$168,262 total

$7,011$175,273 total

$7,011$182,284 total

$7,011$189,295 total

$3,505$192,800 total

Ohio Market Context

Avg Cap Rate

7.2%

Median Price

$241K

Property Tax

1.28%

Vacancy Rate

5.8%

Local Factors

-Columbus is a standout growth market among Ohio cities with strong job growth
-Cleveland and Cincinnati offer high cash-flow potential at very low entry prices
-High property taxes are the main drag on investor returns

Sources

World Population Review – Median Home Price FL Probate Law – Property Tax Rates (ACS Data)The Hartford – Insurance Rates iPropertyManagement – Vacancy Rates

Annual Depreciation

$7,011

$584/mo

Modest Savings

Annual Tax Savings$1,683

Depreciable Basis$192,800

Building Value$192,800

Land Value$48,200

Useful Life27.5 years

Total Deductions Taken$7,011

Total Tax Savings$1,683

Years Remaining27 of 27.5

Land (Non-depreciable)$48,200

Depreciation Taken$7,011

Remaining Basis$185,789

What does this mean?

Your annual depreciation tax savings are modest. This is common for lower-value properties or when land makes up a large portion of the purchase price.

How Real Estate Depreciation Works

Depreciation is one of the most powerful tax benefits of owning rental property. The IRS allows you to deduct the cost of a building (not land) over its useful life — 27.5 years for residential and 39 years for commercial property.

This is called straight-line depreciation because you take equal deductions each year. It's a "paper loss" — your property might be appreciating while you claim it's losing value. That phantom expense offsets rental income and reduces your tax bill.

Keep running the numbers

One calculator rarely tells the whole story.

Depreciation is the silent return in Ohio. See how it compounds.

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