Form DTE140M-W1 "Worksheet to Calculate Tax Rate for Form Dte 140m When a Taxing Authority Certifies an Amount of Revenue and Requests a Rate for Additional, Replacement, Replacement With an Increase, and Replacement With a Decrease Levies" - Ohio

What Is Form DTE140M-W1?

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 DTE140M-W1 by clicking the link below or browse more documents and templates provided by the Ohio Department of Taxation.

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Download Form DTE140M-W1 "Worksheet to Calculate Tax Rate for Form Dte 140m When a Taxing Authority Certifies an Amount of Revenue and Requests a Rate for Additional, Replacement, Replacement With an Increase, and Replacement With a Decrease Levies" - Ohio

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DTE 140M-W1
Reset Form
Rev. 8/08
O.R.C. §5705.03(B)
Worksheet to Calculate Tax Rate for Form DTE 140M
When a Taxing Authority Certifies an Amount of Revenue and Requests
a Rate for Additional, Replacement, Replacement With an Increase,
and Replacement With a Decrease Levies
(Do not use this worksheet for school emergency levies, use DTE 140M-W4 instead.
For substitute levies, use DTE 140M-W5 instead.)
Calculation of Millage Rate
1. Tax valuation on the tax list most recently certified for collection:
1a. Class I Real – Res/Ag
$ _______________
1b. Class II Real – Other
$ _______________
1c. Public Utility Personal
$ _______________
1d. General Personal
$ _______________
2. Total Valuation
$ _______________
3. Revenue Requested
$ _______________
4. Personal Property Phase-out Reimbursement Payment
$ _______________
5. Revenue to be Charged as Tax
$ _______________
6. Millage rate
________ . ________
Instructions
Line 1a. Enter tax valuation of all class I real property (residential and agricultural property) as indicated on the list
most recently certified for collection.
Line 1b. Enter tax valuation of all class II real property (all other real property) as indicated on the list most recently
certified for collection.
Line 1c. 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, begin-
ning in 2007, telecommunications property. The public utility values in the spreadsheets reflect the shift of tele-
communications property to general business property.
Line 1d. 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 telecommunica-
tions 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.
DTE 140M-W1
Reset Form
Rev. 8/08
O.R.C. §5705.03(B)
Worksheet to Calculate Tax Rate for Form DTE 140M
When a Taxing Authority Certifies an Amount of Revenue and Requests
a Rate for Additional, Replacement, Replacement With an Increase,
and Replacement With a Decrease Levies
(Do not use this worksheet for school emergency levies, use DTE 140M-W4 instead.
For substitute levies, use DTE 140M-W5 instead.)
Calculation of Millage Rate
1. Tax valuation on the tax list most recently certified for collection:
1a. Class I Real – Res/Ag
$ _______________
1b. Class II Real – Other
$ _______________
1c. Public Utility Personal
$ _______________
1d. General Personal
$ _______________
2. Total Valuation
$ _______________
3. Revenue Requested
$ _______________
4. Personal Property Phase-out Reimbursement Payment
$ _______________
5. Revenue to be Charged as Tax
$ _______________
6. Millage rate
________ . ________
Instructions
Line 1a. Enter tax valuation of all class I real property (residential and agricultural property) as indicated on the list
most recently certified for collection.
Line 1b. Enter tax valuation of all class II real property (all other real property) as indicated on the list most recently
certified for collection.
Line 1c. 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, begin-
ning in 2007, telecommunications property. The public utility values in the spreadsheets reflect the shift of tele-
communications property to general business property.
Line 1d. 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 telecommunica-
tions 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.
DTE 140M-W1
Rev. 8/08
O.R.C. §5705.03(B)
Page 2
Line 2. Add lines 1a through 1d and place total here.
Line 3. Enter the requested revenue certified to the county auditor by the subdivision.
Line 4. Enter the amount of the reimbursement payment (if any) the subdivision will receive for a qualified replace-
ment 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.)
For personal property tax years 2007-2010, reimbursement amounts for qualifying levies are posted on the De-
partment of Taxation’s Web site. Full reimbursement payments will be made for these levies even if the levy is
replaced with a decrease for these years. For tax years 2011-2017, potential reimbursement amounts will be
posted as those tax years are imminent, but reimbursement payments for replacements of qualified levies for
those tax years will only be made to the extent the original qualifying levy is replaced. Therefore, if a qualifying levy
is replaced with a decrease during that period, the replaced levy will only receive its proportionate share of the
potential reimbursement payment, and only that proportionate share should be entered on line 4.
Line 5. Subtract the amount on line 3 from the amount on line 4 and enter the difference here. This represents the
portion of the amount requested to be charged as tax.
Line 6. Divide line 5 by line 2 and multiply by 1,000 to get the tax rate in mills. Place this rate on the line provided
in Item 2 on form DTE 140M.
General Instruction
For a replacement levy, the calculated millage for the requested revenue may be higher or lower than the existing
rate to be replaced. Consequently, you may also have to inform the subdivision of the correct levy type to be used
on the ballot.
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