0923 MPS - Flipbook - Page 8
tax rates and valuation
All tax rates for the district,
Tax Rates
except inside millage and our
Gross
Rate
Effective
Rate
Year(s)
Approved
Length
Approved
Inside Millage*
4.8
4.8
N/A
Permanent
Current
Expense
Levies
67.8
21.19
Various
Emergency
Levy
6.73
6.73
2004/
2008/
2013
1
0.38
1988
80.33
33.10
emergency levy, are reduced as
property valuations increase.
In accordance with House Bill
920, as property valuations
increase during the triennial
update and reappraisal periods,
the voted millage is reduced
to generate the same amount
of tax revenue for the district
as we received when each levy
was initially approved by the
10 Years
voters. This chart illustrates the
difference between the district’s
gross, or voted, tax rates and
the effective, or the amount
Permanent
Improvement
Levy
being collected, for residential
properties. The rates below are
Total Rate
for the 2022 tax year collected
in calendar year 2023.
* Inside Millage is provided by the Constitution of the State of Ohio and is levied without
a vote of the people. It is called Inside Millage because it is “inside” the law. This millage
rate does not change.
Total Property Valuations
This chart reflects the total
property valuations for each of
Residential
Commercial
Public Utility
Total Valuation
the collection years listed. The
increase noted in 2019 was
2018
a result of the 2018 auditor
$1,291,780,540
$389,158,730
$64,907,790
$1,745,847,060
2019
$1,439,651,250
$421,438,510
$65,603,680
$1,926,693,440
2020
$1,442,525,100
$416,536,830
$68,601,430
$1,927,663,360
2021
$1,453,170,990
$413,626,300
$70,381,560
$1,937,178,850
2022
$1,739,184,180
$412,950,870
$72,107,170
$2,224,242,220
2023
$1,753,558,240
$410,769,630
$75,515,640
$2,239,843,510
reappraisal and the increase
in 2022 is a result of the 2021
triennial update.
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M E N TO R P U B L I C S C H O O L S 2 0 2 3 C O M M U N I T Y F I N A N C I A L R E P O R T
