Form Dte 140m-W1 - Worksheet To Calculate Tax Rate For Form Dte 140m
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2DTE 140M-W1
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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 Additional, Replacement, Replacement With an Increase,
and Replacement With a Decrease Levies
(Do not use this worksheet for school emergency levies, use DTE 140M-W4 instead.
For substitute levies, use DTE 140M-W5 instead.)
Calculation of Millage Rate
1. Tax valuation on the tax list most recently certified for collection:
1a. Class I Real – Res/Ag
$ _______________
1b. Class II Real – Other
$ _______________
1c. Public Utility Personal
$ _______________
1d. General Personal
$ _______________
2. Total Valuation
$ _______________
3. Revenue Requested
$ _______________
4. Personal Property Phase-out Reimbursement Payment
$ _______________
5. Revenue to be Charged as Tax
$ _______________
6. Millage rate
________ . ________
Instructions
Line 1a. Enter tax valuation of all class I real property (residential and agricultural property) as indicated on the list
most recently certified for collection.
Line 1b. Enter tax valuation of all class II real property (all other real property) as indicated on the list most recently
certified for collection.
Line 1c. Enter the estimated valuation of public utility personal property for the first tax year the levy will be
assessed 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.
Line 1d. Using the estimated values published on the Department of Taxation’s Web site at the address provided
above, enter the estimated general personal property value for the first general personal property tax year the levy
will be collected. (Note: If the first year for which the levy will be assessed against real property is tax year 2008,
then the first tax year that levy will be assessed against personal property will be 2009.) Since telecommunica-
tions companies are the only general businesses that are still liable for the personal property tax, and then only for
tax years 2009 and 2010, only the estimated value of the telecommunications property should be entered on this
line. No entries should be made on this line for levies that will first be effective for real property for tax year 2010 or
thereafter.
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