SCHEDULE OF PROPOSED LEVY RATES
OHIO COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2016
The above named county board of education, having ascertained that the amount to be raised by a levy of taxes for the purposes and within the limits prescribed by statute or authorized by voters, does hereby propose to adopt the following levy rates to be laid on each one hundred dollars of assessed valuation of each class of property:
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 841,787,030 38.80 3,266,134
Personal Property 1,444,660 5,605
Total Class II 843,231,690 3,271,739
Class III
Real Estate 313,737,840 77.60 2,434,606
Personal Property 697,148,835 5,409,875
Public Utilities 27,294,500 211,805
Total Class III 1,038,181,175 8,056,286
Class IV
Real Estate 354,599,650 77.60 2,751,693
Personal Property 266,448,247 2,067,638
Public Utilities 56,173,250 435,904
Total Class IV 677,221,147 5,255,235
Total Assessed Valuation
and Projected Gross Tax
Collections $ 2,558,634,012 $ 16,583,260
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (497,498)
Less Allowance for Tax Discounts 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (160,858)
Less Allowance for Tax
Increment Financing – see
worksheet (Subtracted from
regular current expense tax
levy only) (2,050,176)
Net Projected Tax Collections,
before allowance for Assessor’s
Valuation Fund 13,874,728
Less – Allowance for Assessor’s
Valuation Fund 2.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (277,495)
(Subtracted from regular current
expense tax levy only)
Projected Net Taxes to be Collected $13,597,233
SCHEDULE OF PROPOSED LEVY RATES
OHIO COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2016
Excess Levy Bond Levy
Levy Taxes Levy Taxes
Rate/$100 Levied Rate/$100 Levied
Class I
Personal Property 21.46 $ – 1.43 $ –
Public Utilities – –
Total Class I – –
Class II
Real Estate 42.92 3,612,950 2.86 240,751
Personal Property 6,200 413
Total Class II 3,619,150 241,164
Class III
Real Estate 85.84 2,693,126 5.72 179,458
Personal Property 5,984,326 398,769
Public Utilities 234,296 15,612
Total Class III 8,911,748 593,839
Class IV
Real Estate 85.84 3,043,883 5.72 202,831
Personal Property 2,287,192 152,408
Public Utilities 482,191 32,131
Total Class IV 5,813,266 387,370
Total Assessed Valuation
and Projected Gross Tax
Collections $18,344,164 $1,222,373
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (550,325) 9.21{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} 112,603
Less Allowance for Tax Discounts 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (177,938)
Projected Net Taxes to be Collected $17,615,901 $1,109,770
Total Projected Net Taxes from
Regular and Excess Levies $31,213,134
SCHEDULED OF PROPOSED LEVY RATES
ALLOWANCE FOR TAX INCREMENT FINANCING
OHIO COUNTY BOARD OF EDUCATION
For the Fiscal Year Ended June 30, 2016
Column C Current Expense 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 276,600 38.80 1,073
Personal Property – –
Total Class II 276,600 1,073
Class III
Real Estate 156,525,440 77.60 1,214,637
Personal Property 62,065,085 481,625 Public Utilities – –
Total Class III 218,590,525 1,696,262
Class IV
Real Estate 40,972,180 77.60 317,944 Personal Property 15,419,375 119,654
Public Utilities – –
Total Class IV 56,391,555 437,598
Total Value & Projected Revenue $275,258,680 $2,134,933
Less Allowance for Uncollectibles,
Exonerations and Delinquencies 3.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (64,048)
Less Allowance for Tax Discounts 1.00{4ceb532c6f579389df471c6c1e832caf2346b74dc60fcbf6aabd4d29df3baf9c} (20,709)
Allowance for Tax Increment Financing 2,050,176
Note: Copies of all approved excess and/or bond levy orders and certified copies of the canvass of votes must be on file with the State Auditor’s Office and the State Department of Education before excess or bond levy rates can be approved.
SIGNED THIS 23rd DAY OF MARCH, 2015, BY
DIANNA M. VARGO, COUNTY SUPERINTENDENT
Int. March 31, 2015
Int. April 7, 2015
N.R. March 31, 2015
N.R., April 7, 2014
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