The Ohio inheritance tax is similar to federal estate taxes. The similarity lies in the application of a sliding scale to compute dues.
In Ohio inheritance tax calculation measures, the amount of tax paid is directly proportional to the size of properties.Estate taxes are important in the context of inheritance taxes in Ohio as the estate tax rates are used in computing the inheritance tax in the state.
Ohio Estate Tax Rates
The following table provides information on Ohio estate tax rates:
| Value of Property |
Tax Due |
| $338,333 - $500,000 |
$13,900 and 6% for the excess over $338,333 |
| More than $500,000 |
$23,600 and 7% of the excess over $500,000 |
The rates are applicable only for the estates of owners who have died on the 1st of January, 2002 or after it.
Nebraska Inheritance Tax Rates
The following table provides information on the inheritance tax rates in the state of Nebraska:
| Relationship Status |
Property Amount |
Inheritance Tax Rate |
| Immediate relatives |
$ 10,000.01 and more |
1% |
| Remote relatives |
$ 2,000.01 - $ 60, 000.00 |
6% |
| - |
$ 60, 000.01 and more |
9% |
| Others |
$ 500.01 - $ 5,000.00 |
6% |
|
$ 5,000.01 - $ 10,000.00 |
9% |
|
$ 10,000.01 - $ 20,000.00 |
12% |
|
$ 20,000.01 - $ 50,000.00 |
15% |
|
$ 50,000 and more |
18% |
The rates are applicable only for estates of owners who have died on January 1, 2002, or later.
Nebraska Inheritance Tax Rate
The following table provides information on inheritance tax rates in the state of Nebraska:
Nebraska Inheritance Tax Exemptions
In the state of Nebraska, exemptions from the inheritance tax are provided in the following cases:
- If the deceased was a resident of Nebraska, his or her spouse is eligible to receive a household allowance of $7,500 per month.
- If the deceased has no spouse, then his or her minor children would receive a household allowance of $7,500 per month. This money would, however, be divided among the minor children of the deceased.
