A school district in Ohio needs additional operating revenue beyond what the 10-mill limitation allows. The district places a levy on the ballot. Which type of levy requires voter approval?
Correct Answer
B) An emergency operating levy
Under Ohio law, any additional property tax levy beyond the 10-mill inside millage limitation requires voter approval. An emergency operating levy is a type of voted levy that allows school districts to raise additional revenue above the constitutional limit.
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Previous Question
After the Board of Revision in Ohio rules on a property assessment complaint, the property owner is dissatisfied with the decision. What is the owner's next step in the appeals process?
Next Question
An Ohio property has a market value of $400,000. The inside (unvoted) millage is 10 mills and the total voted millage is 85 mills, for a total of 95 mills. Due to Ohio's tax reduction factors (House Bill 920), the effective rate on the voted millage is reduced to 68 mills. What is the owner's total annual property tax?