Form Dte 140m-W5 - Worksheet To Calculate Tax Rate For Form Dte 140m Page 2
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2DTE 140M-W5
Rev. 7/08
O.R.C. §5705.03(B)
Page 2
Line 3. Enter the requested revenue certified to the county auditor by the subdivision.
Line 4. Enter the amount of the reimbursement payment (if any) the subdivision will receive for the substitution of
a qualified emergency levy for the first general personal property tax year the proposed levy would be in effect.
Substituted emergency levies will qualify for reimbursement payments if the levies for which they are substituted
are eligible for reimbursement. For personal property tax years 2009 and 2010 (corresponding to real property tax
years 2008 and 2009), eligible emergency levies will receive full reimbursement even if only a portion of the levy
is substituted and remainder of the levy is allowed to lapse. For personal property tax years 2011-2017 (corresponding
to real property tax years 2010-2016), substituted emergency levies will continue to receive a reimbursement
payment if the original levy qualified for reimbursement (i.e., it is listed on the Department of Taxation’s Web site),
and the substituted levy generates at least the same amount of annual revenue as the original qualifying emergency
levy. In other words, if only a portion of the original levy is substituted, the remainder of the levy will have to
continue to be levied in order to receive the reimbursement payment through 2017.
Line 5. Subtract the amount on line 4 from the amount on line 3 and enter the difference here. This is the amount
that will be collected as taxes.
Line 6. Divide line 5 by line 2 and multiply be 1,000 to get the tax rate in mills. Place this rate on the line provided
in Item 2 on form DTE 140M.
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