Form DTE140M-W3 "Worksheet to Calculate Tax Rate for Form Dte 140m When a Taxing Authority Certifies an Amount of Revenue and Requests a Rate for Renewal With an Increase Levies" - Ohio

What Is Form DTE140M-W3?

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-W3 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-W3 "Worksheet to Calculate Tax Rate for Form Dte 140m When a Taxing Authority Certifies an Amount of Revenue and Requests a Rate for Renewal With an Increase Levies" - Ohio

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DTE 140M-W3
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 Renewal With an Increase Levies
(Do not use this worksheet for school emergency or substitute levies.)
Calculation of Millage Rate
Tax Value
Millage Rate
Revenue
Revenue
1. Requested Revenue
$ _____________
2. Class I Real – Res/Ag
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
3. Class II Real – Other
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
4. Public Utility Personal
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
5. General Personal
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
6. Personal Property Phase-out Reimbursement Payment
$ _____________
7. Total Current Revenue
$ _____________
8. Additional Requested Revenue
$ _____________
9. Total Tax Value
$ _____________
10. Increase Millage Rate
____ . ____
11. Existing Authorized Rate
____ . ____
12. Certified Millage Rate
____ . ____
Instructions
Line 1. Enter the requested revenue certified to the county auditor by the subdivision.
Line 2. 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 3. 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 4. Enter the estimated valuation of public utility personal property for the first tax year the levy will be as-
sessed 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.
Enter the existing authorized (gross) tax rate in mills. Multiply the tax value times the rate and divide by 1,000 to
get tax revenue in dollars.
DTE 140M-W3
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 Renewal With an Increase Levies
(Do not use this worksheet for school emergency or substitute levies.)
Calculation of Millage Rate
Tax Value
Millage Rate
Revenue
Revenue
1. Requested Revenue
$ _____________
2. Class I Real – Res/Ag
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
3. Class II Real – Other
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
4. Public Utility Personal
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
5. General Personal
$ _____________ X ____ . ____ ÷ 1,000 = $ _____________
6. Personal Property Phase-out Reimbursement Payment
$ _____________
7. Total Current Revenue
$ _____________
8. Additional Requested Revenue
$ _____________
9. Total Tax Value
$ _____________
10. Increase Millage Rate
____ . ____
11. Existing Authorized Rate
____ . ____
12. Certified Millage Rate
____ . ____
Instructions
Line 1. Enter the requested revenue certified to the county auditor by the subdivision.
Line 2. 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 3. 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 4. Enter the estimated valuation of public utility personal property for the first tax year the levy will be as-
sessed 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.
Enter the existing authorized (gross) tax rate in mills. Multiply the tax value times the rate and divide by 1,000 to
get tax revenue in dollars.
DTE 140M-W3
Rev. 8/08
O.R.C. §5705.03(B)
Page 2
Line 5. 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 existing authorized (gross) tax rate in mills. Multiply the tax value times the rate and divide by 1000
to get tax revenue in dollars.
Line 6. Enter the amount of the reimbursement payment (if any) the subdivision will receive for a qualified 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.)
For personal property tax years 2007-2010, reimbursement amounts for qualifying levies are posted on the De-
partment of Taxation’s Web site. For tax years 2011-2017, potential reimbursement amounts will be posted as
those tax years are imminent, but reimbursement payments for renewals of qualified levies for those tax years
will only be made to the extent the original qualifying levy existed. No reimbursement is available for the increased
portion of the renewal levy.
Line 7. Add the revenue amounts in lines 2 through 6 and enter total here.
Line 8. Subtract line 7 from line 1 and enter difference here to get the additional revenue requested.
Line 9. Add the tax value amounts in lines 2 through 5 and enter total here.
Line 10. Divide line 8 by line 9 and multiply by 1,000 to get required increase in tax rate in mills.
Line 11. Enter existing authorized (gross) rate here in mills.
Line 12. Add lines 10 and 11 and enter total here. Place this sum on the line provided in Item 2 on form DTE 140M.
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