Ohio

Public Notice

SCHEDULE OF PROPOSED LEVY RATES
MARSHALL COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2016

The following is a true copy from the record of orders entered by Marshall COUNTY BOARD OF EDUCATION on the 24th day of March, 2015.

Column E Current
Expense
Levy
Certificate of Valuation Levy Rate/ Taxes
Assessed Value for Tax Purposes $100 Levied

Class I
Personal Property $ – 19.40 $ –
Public Utilities – –
Total Class I – –

Class II
Real Estate 436,500,690 38.80 1,689,743
Personal Property 2,212,871 8,586
Total Class II $ 437,713,561 1,698,329

Class III
Real Estate 491,695,850 77.60 3,815,560
Personal Property 1,708,740,063 13,259,823
Public Utilities 646,829,277 5,019,395
Total Class III 2,847,265,190 22,094,778

Class IV
Real Estate 120,785,030 77.60 937,292
Personal Property 179,824,636 1,395,439
Public Utilities 23,623,353 183,317
Total Class IV 324,233,019 2,516,048

Total Assessed Valuation
and Projected Gross Tax
Collections $ 3,609,211,770 $ 26,309,155

Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (789,275)
Less Allowance for Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (510,398)
Less Allowance for Tax
Increment Financing – see
worksheet (Subtracted from
regular current expense tax
levy only) (490,070)
Net Projected Tax Collections,
before allowance for Assessor’s
Valuation Fund 24,519,412
Less – Allowance for Assessor’s
Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (490,388)
(Subtracted from regular current
expense tax levy only)
Projected Net Taxes to be Collected $ 24,029,024

SCHEDULE OF PROPOSED LEVY RATES
MARSHALL COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2016

Excess Levy Permanent Improvement Bond Levy Levy Rate/ Taxes Levy Rate/ Taxes Levy Rate/ Taxes $100 Levied $100 Levied $100 Levied

Class I
Personal Property 20.66 $ – $ – 1.95
Public Utilities – –
Total Class I – –

Class II
Real Estate 41.32 1,799,489 3.90 169,845
Personal Property 9,144 863
Total Class II 1,808,633 170,708

Class III
Real Estate 82.64 4,063,375 7.80 383,523 Personal Property 14,121,028 1,332,817
Public Utilities 5,345,397 504,527
Total Class III 23,529,800 2,220,867

Class IV
Real Estate 82.64 998,167 7.80 94,212
Personal Property 1,486,071 140,263
Public Utilities 195,223 18,426
Total Class IV 2,679,461 252,901
Total Assessed Valuation
and Projected Gross Tax
Collections $28,017,894 2,644,476
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (840,537) 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 0.20{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 5,176
Less Allowance for Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (543,547) 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c}

Projected Net Taxes to be Collected $26,633,810 2,639,300
Total Projected Net Taxes from
Regular and Excess Levies $50,662,834

SCHEDULE OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
MARSHALL COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2016

Current
Expense
Column C Levy
Roll Back Levy Rate/ Taxes
Value Form $100 Levied

Class I
Personal Property – 19.40 $ –
Public Utilities – –
Total Class I – –

Class II
Real Estate 14,760 38.80 57
Personal Property – –
Total Class II 14,760 57

Class III
Real Estate 11,693,060 77.60 90,738
Personal Property 53,506,348 415,209
Public Utilities – –
Total Class III 65,199,408 505,947

Class IV
Real Estate 490,800 77.60 3,809
Personal Property 737,621 5,724
Public Utilities – –
Total Class IV 1,228,421 9,533

Total Value & Projected Revenue 66,442,589 515,537
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (15,466)
Less Allowance for Tax Discounts 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (10,001)
Allowance for Tax Increment Financing 490,070

SIGNED THIS 24th DAY OF MARCH, 2015
SECRETARY OF THE BOARD OF EDUCATION
MICHAEL HINCE

Int. March 30, 2015
Int. April 6, 2014
N.R. March 30, 2015
N.R. April 6, 2015

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