1022 MPS - Flipbook - Page 9
Tax Rates and Valuation
SCHOOL TAXES ON A $100,000 OWNER/OCCUPIED HOME*
Tax Year 2017
Tax Year 2018
General Fund
Inside Millage
4.8
$150.69
General Fund
Inside Millage
4.8
$150.69
General Fund
Current
Exp - Class I
Res/Ag
27.82
$873.39
General Fund
Current
Exp - Class I
Res/Ag
25.2
$791.14
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.5
$15.70
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.45
$14.13
General Fund
Emergency Levy
8.45
$265.28
General Fund
Emergency Levy
7.7
$241.74
41.57
$1,305.06
Tax Year Total
38.7
$1,197.69
Tax Year Total
Tax Year 2019
Tax Year 2020
General Fund
Inside Millage
4.8
$150.69
General Fund
Inside Millage
4.8
$150.68
General Fund
Current
Exp - Class I
Res/Ag
25.29
$793.96
General Fund
Current
Exp - Class I
Res/Ag
25.26
$792.97
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.45
$14.13
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.45
$14.13
General Fund
Emergency Levy
7.74
$242.99
General Fund
Emergency Levy
7.74
$242.98
38.28
$1,201.77
Tax Year Total
38.25
$1,200.76
Tax Year Total
Tax Year 2021
Tax Year 2022
General Fund
Inside Millage
4.8
$149.59
General Fund
Inside Millage
4.8
$150.68
General Fund
Current
Exp - Class I
Res/Ag
21.23
$661.63
General Fund
Current
Exp - Class I
Res/Ag
21.22
$666.15
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.38
$11.84
Permanent
Improvement
Continuing
Exp - Class I
Res/Ag
0.38
$11.93
General Fund
Emergency Levy
6.77
$210.99
General Fund
Emergency Levy
6.74
$211.58
33.18
$1,034.05
Tax Year Total
33.14
$1,040.34
Tax Year Total
The chart above shows the impact on property taxes for a home located in
the Mentor Exempted Village school district with a market value of $100,000.
It demonstrates how the valuation changes and the impact on the effective
millage of a taxpayer's school property tax for the respective tax year.
* Calculation takes into
consideration the 12.5%
Homestead and Rollback
deduction paid by the State of
Ohio on levies prior to 2016.
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