An Ohio township wants to pass a 'replacement levy' for fire services. A replacement levy differs from a standard renewal levy in that it:
Correct Answer
B) Replaces the expiring levy at its original voted millage rate without HB 920 reductions
A replacement levy in Ohio replaces an existing levy at its full original voted millage rate, eliminating any HB 920 tax reduction factors that had reduced the effective rate over time. This effectively increases the tax revenue compared to simply renewing the levy at its reduced effective rate.
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