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COMPUTING PROPERTY TAX INCREASE MILLAGES. What Is a Mill? 1 mill = $1.00 for every $1,000 of assessed valuation.

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Presentation on theme: "COMPUTING PROPERTY TAX INCREASE MILLAGES. What Is a Mill? 1 mill = $1.00 for every $1,000 of assessed valuation."— Presentation transcript:

1 COMPUTING PROPERTY TAX INCREASE MILLAGES

2 What Is a Mill? 1 mill = $1.00 for every $1,000 of assessed valuation.

3 County Children Services 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%

4 Greene County Developmental Disabilities 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%

5 Greene Memorial Hospital 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%

6 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%

7 Beavercreek City Schools Levy 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?

8 Beavercreek Bond Issue 2008 16) Beavercreek City School District Bond Issue $84,000,000- 28 years 3.3 mills- Commencing 2008

9 Market Value of Home $100,000

10 Assessment Rate ____$100,000__________ X.35

11 Assessed Value _____$35,000___________

12 Millages _____$35,000____ X ______.005_______ (assessed value) (millages) 5 mills

13 Cost Before Rollback ________$175__________________

14 Rollback ___$175______ - ___$21.88________ (levy before rollback) (rollback) 12.5% 175 x.125 _____ $21.88

15 Annual Cost of Levy _______$153.12__________________ 175.00 - 21.88 $153.12

16 Greene County Auditor

17 $5,606,230 valuation $3,900,000 valuation - today

18 $1,170,440 valuation $1,136,120 valuation - today

19 Arnold’s


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