School Finance

3. percentage levy based on the income of district residents
5. Real property not subject to taxation
6. property Property which the owner occupies as a residence which qualifies for the additional 2.5% rollback
9. Ohio Supreme Court decision which ruled Ohio’s school funding system was unconstitutional
10. A percentage reduction in the taxes charged against real property
14. the county auditor adjusts appraised values
15. voted mills beyond the 10 mill limit
16. Alternative calculation of state funding that insulates school districts from the effects of dramatic changes
18. state-determined minimum amount necessary for funding
19. Taxable value of all Class I and Class II real property
22. Levy used primarily for purposes of funding district's general expenses
24. Millage imposed by local governments without voter approval
25. student count used to determine funding

1. value of property which is 35% of market value
2. Levy proposing a millage rate assessed for a specified period of time
4. Annual period used for government accounting purposes. Ends on June 30
7. Rate below which voted mills cannot be reduced
8. levy which reverts rate equal to the original effective rate
11. the two fiscal years that make up each state budget
12. limits district's annual funding increase to 3.0% of prior year funding
13. factor caused by HB 920
17. levy proposing a millage rate or school district income tax that is assessed indefinitely
20. levy which begins from the point where the original levy ends
21. agricultural property is valued lower because of this
23. taxable, valuation of real and personal tangible property to produce tax revenue.