Form DTE140R-W2 "140r Worksheet for Renewal Levies" - Ohio

What Is Form DTE140R-W2?

This is a legal form that was released by the Ohio Department of Taxation - a government authority operating within Ohio. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2008;
  • The latest edition provided by the Ohio Department of Taxation;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form DTE140R-W2 by clicking the link below or browse more documents and templates provided by the Ohio Department of Taxation.

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Download Form DTE140R-W2 "140r Worksheet for Renewal Levies" - Ohio

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Worksheet to Calculate Revenue for Form DTE 140R
DTE 140R-W2
Rev. 8/08
When a Taxing Authority Certifies a Rate and Requests
O.R.C. §5705.03(B)
the Revenue Produced by that Rate for Renewal Levies
Calculation of Revenue
Tax Value
Millage Rate
Revenue
1. Class I Real – Res/Ag
$
X
.
÷
1,000 =
$
2. Class II Real – Other
$
X
.
÷
1,000 =
$
3. Public Utility Personal
$
X
.
÷
1,000 =
$
4. General Personal
$
X
.
÷
1,000 =
$
5. Personal Property Phase-out Reimbursement Payment
$
6. Total Revenue
$
Instructions
Line 1. Enter tax valuation of all Class I real property (residential and agricultural property) included on the tax list
most recently certified for collection. Enter the existing effective tax rate in mills for Class I. Multiply the tax value
times the rate and divide by 1,000 to get tax revenue in dollars.
Line 2. Enter tax valuation of all class II real property (all other real property) included on the tax list most recently
certified for collection. Enter the existing effective tax rate in mills for Class II. Multiply the tax value times the rate
and divide by 1,000 to get tax revenue in dollars.
Line 3. Enter the estimated valuation of public utility personal property for the first tax year the levy will be assessed
against public utility personal property. To determine the public utility valuation, please refer to the values in the
appropriate spreadsheet available at:
www.tax.ohio.gov/channels/government/services_for_local_govts.stm
Note: Public utility personal property taxes are assessed at the same time as real property taxes, except,
beginning in 2007, telecommunications property. The public utility values in the spreadsheets reflect the shift of
telecommunications property to general business property.
Enter the gross tax rate requested in mills. Multiply the tax value times the rate and divide by 1,000 to get tax
revenue in dollars.
Line 4. Using the estimated values published on the Department of Taxation’s Web site at the address provided
above, enter the estimated general personal property value for the first general personal property tax year the levy
will be collected. (Note: If the first year for which the levy will be assessed against real property is tax year 2008,
then the first tax year that levy will be assessed against personal property will be 2009.) Since telecommunications
companies are the only general businesses that are still liable for the personal property tax, and then only for tax
years 2009 and 2010, only the estimated value of the telecommunications property should be entered on this
line. No entries should be made on this line for levies that will first be effective for real property for tax year 2010
or thereafter. Then enter the gross tax rate requested in mills. Multiply the tax value times the rate and divide by
1,000 to get tax revenue in dollars.
Line 5. Enter the amount of the reimbursement payment (if any) the subdivision will receive for a qualifi ed renewal
levy for the first general personal property tax year the proposed levy will be or would be in effect. (Note: If the
first year the proposed levy will be assessed against real property is tax year 2008, then the first year that levy
will be assessed against personal property will be 2009.)
Reset Form
Worksheet to Calculate Revenue for Form DTE 140R
DTE 140R-W2
Rev. 8/08
When a Taxing Authority Certifies a Rate and Requests
O.R.C. §5705.03(B)
the Revenue Produced by that Rate for Renewal Levies
Calculation of Revenue
Tax Value
Millage Rate
Revenue
1. Class I Real – Res/Ag
$
X
.
÷
1,000 =
$
2. Class II Real – Other
$
X
.
÷
1,000 =
$
3. Public Utility Personal
$
X
.
÷
1,000 =
$
4. General Personal
$
X
.
÷
1,000 =
$
5. Personal Property Phase-out Reimbursement Payment
$
6. Total Revenue
$
Instructions
Line 1. Enter tax valuation of all Class I real property (residential and agricultural property) included on the tax list
most recently certified for collection. Enter the existing effective tax rate in mills for Class I. Multiply the tax value
times the rate and divide by 1,000 to get tax revenue in dollars.
Line 2. Enter tax valuation of all class II real property (all other real property) included on the tax list most recently
certified for collection. Enter the existing effective tax rate in mills for Class II. Multiply the tax value times the rate
and divide by 1,000 to get tax revenue in dollars.
Line 3. Enter the estimated valuation of public utility personal property for the first tax year the levy will be assessed
against public utility personal property. To determine the public utility valuation, please refer to the values in the
appropriate spreadsheet available at:
www.tax.ohio.gov/channels/government/services_for_local_govts.stm
Note: Public utility personal property taxes are assessed at the same time as real property taxes, except,
beginning in 2007, telecommunications property. The public utility values in the spreadsheets reflect the shift of
telecommunications property to general business property.
Enter the gross tax rate requested in mills. Multiply the tax value times the rate and divide by 1,000 to get tax
revenue in dollars.
Line 4. Using the estimated values published on the Department of Taxation’s Web site at the address provided
above, enter the estimated general personal property value for the first general personal property tax year the levy
will be collected. (Note: If the first year for which the levy will be assessed against real property is tax year 2008,
then the first tax year that levy will be assessed against personal property will be 2009.) Since telecommunications
companies are the only general businesses that are still liable for the personal property tax, and then only for tax
years 2009 and 2010, only the estimated value of the telecommunications property should be entered on this
line. No entries should be made on this line for levies that will first be effective for real property for tax year 2010
or thereafter. Then enter the gross tax rate requested in mills. Multiply the tax value times the rate and divide by
1,000 to get tax revenue in dollars.
Line 5. Enter the amount of the reimbursement payment (if any) the subdivision will receive for a qualifi ed renewal
levy for the first general personal property tax year the proposed levy will be or would be in effect. (Note: If the
first year the proposed levy will be assessed against real property is tax year 2008, then the first year that levy
will be assessed against personal property will be 2009.)
DTE 140R-W2
Rev. 8/08
O.R.C. §5705.03(B)
Page 2
For personal property tax years 2007-2010, reimbursement amounts for qualifying levies are posted on the
Department of Taxation’s Web site. For tax years 2011-2017, potential reimbursement amounts will be posted as
those tax years are imminent.
Line 6. Add the revenue amounts in lines 1 through 5 and enter total here. Place this amount on the line provided
in Item 2 on form DTE 140R.
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