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Home > Blogs > Lakota Schools News and Issues > Archives > 2010 > July > 21 > Entry
How much will Lakota’s levy cost you?
I hear this almost on a daily basis: “What doesn’t Lakota just tell people the true cost of the levy, rather than basing it on a $100,000 home?”
Three reasons I think are factors here:
Lakota surveyed residents and found the majority surveyed wanted it in a $100,000 value increment.
That is the way all school districts do it.
It makes it less complicated to do the math.
People may have more expensive houses, but there also are many out there with a house less than $200,000. So, what is the value truly going to be? A reader just pointed out that there are reductions for seniors. So, here is a good calculator.
For a $100,000 home, this 7.9 mill levy will cost an additional $242 per year for the average homeowner.
$150,000 home: $363
$200,000 home: $484
$250,000 home: $605
$300,000 home: $726
$350,000 home: $847
$400,000 home: $968
$450,000 home: $1,089
Read about the Homestead Exemption here, per a reader submission.
Permalink | Comments (10) | Post your comment | Categories: Hot topics
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By John
July 21, 2010 12:07 PM | Link to this
Lindsey, People 65 and over can apply for a Homestead Exemption and receive a deduction of $25,000 on their home value. In you spreadsheet, for a $100,000 home, they would enter $75,000 and get a result of $181 instead of $242. Likewise for a $200,000 home, they should enter $175,000.
By Avg Taxpayer
July 21, 2010 5:42 PM | Link to this
They “surveyed” people who lived in $100,000 houses.
By Whiny whiner
July 21, 2010 7:06 PM | Link to this
Avg. Taxpayer seems to have the old “I live in West Chester” and there are no 100,000 dollar homes….we all live in Mansions. Hmmmm then why all the crying, if you have it, then pay it out. Or are you just smoke and mirrors. Poor old Middletown supported their children and look at how distressed that city is because of hard times. Hard to feel sorry for all the whiners in the Chester!
By inaccurate info
July 21, 2010 11:33 PM | Link to this
Lindsey, the OHEA levy calculator that you posted asks people to enter the market value of their home but taxes are based on assessed value, which is much lower (currently $30,000 less!). This was a tactic used by local developers against the levy to inflate the cost of the levy for average residents. If residents use market value, the amt of taxes it calculates will be way overstated. This is not a good source of information.
By John
July 22, 2010 12:47 AM | Link to this
The OEA site would have been clearer if the used “Appraised Value” (number on your Real Estate Tax Bill) instead of “Market Value”. If you use the Appraised Value it calculates my current numbers high by about only .4%.
By null
July 22, 2010 11:26 AM | Link to this
Tactic used by Developers? Is there no end to the fantasy’s here. Look, it’s the OEA’s website and since they have more than a vested interest in getting in right then one would expect them to point that out. So, if any blame needs to be placed it’s on them.
By Just an observer
July 22, 2010 9:40 PM | Link to this
Use the Appraised Value from your tax statement for the market value. The calculator adjusts that figure to the Assessed Value in its calculations. I have checked it with my property and it calculates fine.
By Randy B
July 24, 2010 8:14 AM | Link to this
Here is Ohio definition of a Mill: Mill – a measurement equal to one-tenth of 1.0 percent; often used to refer to the amount of property tax imposed on real or personal property (e.g., a 2.5 mill tax levy imposed on a home with an assessed value of $100,000 amounts to $250 in tax). Assessed property is 35% of your County appraised value. I wish the news media would also state “appraised value” when talking about property taxes.
By jt
July 25, 2010 8:21 AM | Link to this
After Lakota releases the new contract with the LEA the levy is not going to cost anything because the new contract will make many past yes voters become a no vote. Lakota needs to wake-up now!!
By Daddy's Girl
July 26, 2010 7:09 AM | Link to this
When my father passed away, his property was appraised by a court appointed appraiser. The house appraised 33% less than the Butler County Auditor’s site. Who makes out on that?