0923 MPS - Flipbook - Page 9
tax rates and valuation
School Taxes on a $100,000 Owner-Occupied Home*
Tax Year 2019
Tax Year 2018
General Fund
Inside Millage
4.8
$148.08
General Fund
Inside Millage
4.8
$148.08
General Fund
Current
Exp - Class I
Res/Ag
25.2
$777.43
General Fund
Current
Exp - Class I
Res/Ag
25.29
$780.21
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.45
$13.88
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.45
$13.88
General Fund
Emergency Levy
7.7
$237.55
General Fund
Emergency Levy
7.74
$238.78
38.15
$1,176.94
Tax Year Total
38.7
$1,180.95
Tax Year Total
Tax Year 2020
Tax Year 2021
General Fund
Inside Millage
4.8
$148.08
General Fund
Inside Millage
4.8
$148.07
General Fund
Current
Exp - Class I
Res/Ag
25.26
$779.28
General Fund
Current
Exp - Class I
Res/Ag
21.23
$654.91
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.45
$13.88
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.38
$11.72
General Fund
Emergency Levy
7.74
$238.78
General Fund
Emergency Levy
6.77
$208.84
38.25
$1,180.03
Tax Year Total
33.18
$1,023.56
Tax Year Total
Tax Year 2022
Tax Year 2023 (Projected)
General Fund
Inside Millage
4.8
$148.07
General Fund
Inside Millage
4.8
$148.07
General Fund
Current
Exp - Class I
Res/Ag
21.19
$653.68
General Fund
Current
Exp - Class I
Res/Ag
21.15
$652.45
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.38
$11.72
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.38
$11.72
General Fund
Emergency Levy
6.73
$207.61
General Fund
Emergency Levy
6.71
$206.99
33.1
$1,021.09
Tax Year Total
33.04
$1,019.24
Tax Year Total
The chart above shows the impact on property taxes for a home located in
* Calculation takes into consideration
the 12.5% homestead and rollback
the Mentor Exempted Village school district with a market value of $100,000.
deduction paid by the State of Ohio,
It demonstrates how the valuation changes and the impact on the effective
and calculations used more precise
millage of a taxpayer’s school property tax for the respective tax year.
rates so data varies slightly from
FY22 reports.
M E N TO R S C H O O L S . N E T / C F O
9
