The Ridgewood School Board has voted to change their inside millage to permanent improvement.
If you have any questions regarding the millage change, please contact the Ridgewood School District.
Below are frequently asked questions regarding school levies.
How are school districts financed?
- At the local level, school districts receive funding from locally levied property taxes.
What is a property tax levy?
- A property tax levy is the collection of taxes charged on the value of property. Each district must follow a process described in Ohio law in order for taxes to be levied on property within the district. Boards of education propose additional local tax revenues by board resolution.
What is a mill?
- The unit of value for expressing the rate of property taxes in Ohio is the “mill.” A mill is defined as one-tenth of a percent or one-tenth of a cent (0.1 cents) in cash terms. Millage is the factor applied to the assessed value of property to produce tax revenue.
- Inside or unvoted mills — Millage imposed by local governments without voter approval as defined in the Ohio Constitution. The constitutional limit for these taxes is 1% or 10 mills. Public schools, cities, counties and other local governments within a taxing district are allocated a portion of the inside mills collected within the district according to a statutory formula.
- Outside or voted mills — Millage approved by voters. Outside mills are subject to the property tax reduction factor.
- Effective mills — In the case of real property, a difference can exist between a tax levy’s rate as authorized by the voters and the actual amount of mills charged against a district’s assessed valuation. The effective millage rate reflects the fact that the original number of voted mills has received an adjustment to compensate for the impact of inflation on real property values.