1022 MPS - Flipbook - Page 8
Tax Rates and Valuation
All tax rates for the district,
except Inside Millage and our
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 voters. The
chart to the right illustrates the
difference between the district’s
gross, or voted, tax rates and
the effective, or the amount
being collected for residential
properties. The rates to the
right are for the 2021 tax year
collected in calendar year 2022.
The chart to the right reflects
the total property valuations
for each of the collection years
listed. The increase noted in
2019 was a result of the 2018
auditor reappraisal, and the
increase in 2022 is a result of
the 2021 triennial update.
8
Gross
Rate
Effective
Rate
Year(s)
Approved
Length
Approved
Inside Millage*
4.8
4.8
N/A
Permanent
Current
Expense
Levies
67.8
21.23
Various
Emergency
Levy
6.77
6.77
2004/
2008/
2013
1
0.38
1988
80.37
33.18
Permanent
Improvement
Levy
Total Rate
10 Years
* 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.
Residential
Commercial
Public Utility
Total Valuation
$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
2018
M EN TOR P U B L I C S CH OO LS 2022 C O MM U NITY F INA NC IAL REPORT
