Ohio's top income tax rate on capital gains has been coming down in recent years, landing at 3.50%, which brings the combined investment property figure to 27.3% (20% federal + 3.8% NIIT + 3.50% state).
Ohio taxes capital gains as ordinary income at up to 3.50% at the state level. Combined with federal, the total is 27.3%. See the full estimate with depreciation recapture in the capital gains tax calculator.
A 1031 like-kind exchange can defer the combined 27.3% rate by reinvesting all proceeds into a replacement property. Model the exchange in the 1031 exchange calculator and get your deadline dates from the timeline calculator.