School Finance

4. the two fiscal years that make up each state budget
5. A percentage reduction in the taxes charged against real property
6. agricultural property is valued lower because of this
10. Levy used primarily for purposes of funding district's general expenses
14. the county auditor adjusts appraised values
15. value of property which is 35% of market value
16. factor caused by HB 920
17. percentage levy based on the income of district residents
21. state-determined minimum amount necessary for funding
22. limits district's annual funding increase to 3.0% of prior year funding
23. levy which begins from the point where the original levy ends
25. property Property which the owner occupies as a residence which qualifies for the additional 2.5% rollback

1. taxable, valuation of real and personal tangible property to produce tax revenue.
2. Annual period used for government accounting purposes. Ends on June 30
3. voted mills beyond the 10 mill limit
7. Taxable value of all Class I and Class II real property
8. levy proposing a millage rate or school district income tax that is assessed indefinitely
9. Levy proposing a millage rate assessed for a specified period of time
11. levy which reverts rate equal to the original effective rate
12. Millage imposed by local governments without voter approval
13. Rate below which voted mills cannot be reduced
18. Ohio Supreme Court decision which ruled Ohio’s school funding system was unconstitutional
19. Alternative calculation of state funding that insulates school districts from the effects of dramatic changes
20. student count used to determine funding
24. Real property not subject to taxation