Worksheet To Calculate Tax Rate For Form Dte 140m - Ohio
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2DTE 140M-W3
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Rev. 8/08
O.R.C. §5705.03(B)
Worksheet to Calculate Tax Rate for Form DTE 140M
When a Taxing Authority Certifies an Amount of Revenue and Requests
a Rate for Renewal With an Increase Levies
(Do not use this worksheet for school emergency or substitute levies.)
Calculation of Millage Rate
Tax Value
Millage Rate
Revenue
Revenue
1. Requested Revenue
$ _____________
2. Class I Real – Res/Ag
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
3. Class II Real – Other
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
4. Public Utility Personal
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
5. General Personal
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
6. Personal Property Phase-out Reimbursement Payment
$ _____________
7. Total Current Revenue
$ _____________
8. Additional Requested Revenue
$ _____________
9. Total Tax Value
$ _____________
10. Increase Millage Rate
____ . ____
11. Existing Authorized Rate
____ . ____
12. Certified Millage Rate
____ . ____
Instructions
Line 1. Enter the requested revenue certified to the county auditor by the subdivision.
Line 2. Enter tax valuation of all Class I real property (residential and agricultural property) included on the tax list
most recently certified for collection. Enter the existing effective tax rate in mills for Class I. Multiply the tax value
times the rate and divide by 1,000 to get tax revenue in dollars.
Line 3. Enter tax valuation of all Class II real property (all other real property) included on the tax list most recently
certified for collection. Enter the existing effective tax rate in mills for Class II. Multiply the tax value times the rate
and divide by 1,000 to get tax revenue in dollars.
Line 4. Enter the estimated valuation of public utility personal property for the first tax year the levy will be as-
sessed against public utility personal property. To determine the public utility valuation, please refer to the values
in the appropriate spreadsheet available at:
Note: public utility personal property taxes are assessed at the same time as real property taxes, except, begin-
ning in 2007, telecommunications property. The public utility values in the spreadsheets reflect the shift of tele-
communications property to general business property.
Enter the existing authorized (gross) tax rate in mills. Multiply the tax value times the rate and divide by 1,000 to
get tax revenue in dollars.
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