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Learn about how millages impact property taxes with detailed examples and explanations. Explore the concept of millages and their significance in property tax calculations. Gain insight into recent tax levy issues in Greene County.
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COMPUTING PROPERTY TAX INCREASE MILLAGES
1 mill = $1.00 for every $1,000 of assessed valuation. What Is a Mill?
Issue 2 - Greene County Children Services Board • Renewal – Operating • 1.5 mills – five years • Commencing 2014 • Total Votes 21588 • FOR THE TAX LEVY 14527 67.29% • AGAINST THE TAX LEVY 7061 32.71% County Children Services
Issue 3 - Greene County Developmental Disabilities Board • Renewal – Operating • 3.5 mills – five years • Commencing 2014 • Total Votes 21561 • FOR THE TAX LEVY 13897 64.45% • AGAINST THE TAX LEVY 7664 35.55% Greene County Developmental Disabilities
Issue 4 - Greene County Greene Memorial Hospital • Renewal – Operating • 0.5 mill – five years • Commencing 2014 • Total Votes 21635 • FOR THE TAX LEVY 12883 59.55% • AGAINST THE TAX LEVY 8752 40.45% Greene Memorial Hospital
Issue 5 - City of Beavercreek • Renewal – Operating • 1 mill – five years • Commencing 2013 • Total Votes 8786 • FOR THE TAX LEVY 6282 71.50% • AGAINST THE TAX LEVY 2504 28.50%
School Levy 2013 Issue 19 School Levy 2012 Issue 20 • Beavercreek City School District (additional) • A majority affirmative vote is necessary for passage. • Shall a levy be imposed by the Beavercreek City School District, Counties of Greene and • Montgomery, Ohio, for the purpose of providing for • the emergency requirements of the school district, • providing for the emergency requirements of the • school district,in the sum of $10,400,000 per year, • and a levy of taxes to be made outside of the ten- • mill limitation estimated by the county auditor to average 6.3 mills for each one dollar of valuation, • which amounts to $0.63 for each one hundred • dollars of valuation, for 5 years, commencing in • 2013, first due in calendar year 2014? • Total Votes 8786 • FOR THE TAX LEVY 6282 71.50% • AGAINST THE TAX LEVY 2504 28.50% • Beavercreek City School District (additional) • A majority affirmative vote is • necessary for passage. • Shall a levy be imposed by the • Beavercreek City School District, Counties • of Greene and Montgomery, Ohio, for the • purpose of providing for the • emergency requirements • of the school district, in the • sum of $10,900,000, and a levy of taxes to • be made outside of the ten-mill limitation • estimated by the county auditor to average • 6.7 mills for each dollar of valuation, which • amounts to $0.67 for each one hundred • dollars of valuation, for 5 years, • commencing in 2012, first due in calendar • year 2013? Beavercreek City Schools Levy
16) Beavercreek City School District Bond Issue • $84,000,000- 28 years • 3.3 mills- Commencing 2008 Beavercreek Bond Issue 2008
$100,000 Market Value of Home
____$100,000__________ X .35 Assessment Rate
_____$35,000___________ Assessed Value
_____$35,000____ X ______.005_______ (assessed value) (millages) 5 mills Millages
________$175__________________ Cost Before Rollback
___$175______ - ___$21.88________ (levy before rollback) (rollback) 12.5% 175 x.125 _____ $21.88 Rollback
_______$153.12__________________ 175.00 - 21.88 $153.12 Annual Cost of Levy