Form DTE140M-W4 "Worksheet to Calculate Tax Rate for Form Dte 140m When a Taxing Authority Certifies an Amount of Revenue and Requests a Rate for All School Emergency Levies" - Ohio

Form DTE140M-W4 or the "Worksheet To Calculate Tax Rate For Form Dte 140m When A Taxing Authority Certifies An Amount Of Revenue And Requests A Rate For All School Emergency Levies" is a form issued by the Ohio Department of Taxation.

The form was last revised in December 1, 2008 and is available for digital filing. Download an up-to-date Form DTE140M-W4 in PDF-format down below or look it up on the Ohio Department of Taxation Forms website.

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Download Form DTE140M-W4 "Worksheet to Calculate Tax Rate for Form Dte 140m When a Taxing Authority Certifies an Amount of Revenue and Requests a Rate for All School Emergency Levies" - Ohio

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DTE 140M-W4
Reset Form
Rev. 12/08
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 All School Emergency Levies
(Do not use this for substitute emergency 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 tax
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 tax list most
recently certified for collection.
Line 1c. Enter the average estimated valuation of public utility personal property for the years the levy will be
charged. To determine the public utility valuation, please refer to the values in the school district 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.
Line 1d. Enter the average estimated valuation of all general personal property for the years the levy will be
charged (the maximum term for an emergency levy is 10 years). The average estimated value should be determined
by using the estimated values published on the Department of Taxation’s Web site at the address provided above,
adding those values, and dividing that sum by the number of years the proposed levy will be in effect. (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 values of telecommunications property should be used to compute this average. No entries
should be made on this line for levies that will first be effective for real property for tax year 2010 or thereafter.
Example: A school district proposes an emergency levy for a five-year term, to begin with the real property taxes
assessed for 2008 and collected in 2009. The telecommunications property value estimates for the district are
DTE 140M-W4
Reset Form
Rev. 12/08
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 All School Emergency Levies
(Do not use this for substitute emergency 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 tax
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 tax list most
recently certified for collection.
Line 1c. Enter the average estimated valuation of public utility personal property for the years the levy will be
charged. To determine the public utility valuation, please refer to the values in the school district 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.
Line 1d. Enter the average estimated valuation of all general personal property for the years the levy will be
charged (the maximum term for an emergency levy is 10 years). The average estimated value should be determined
by using the estimated values published on the Department of Taxation’s Web site at the address provided above,
adding those values, and dividing that sum by the number of years the proposed levy will be in effect. (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 values of telecommunications property should be used to compute this average. No entries
should be made on this line for levies that will first be effective for real property for tax year 2010 or thereafter.
Example: A school district proposes an emergency levy for a five-year term, to begin with the real property taxes
assessed for 2008 and collected in 2009. The telecommunications property value estimates for the district are
DTE 140M-W4
Rev. 12/08
O.R.C. §5705.03(B)
Page 2
$15,000,000 for 2009 (collected in 2009) and $7,500,000 for 2010 (collected in 2010). The average estimated
value for tangible property should determined as follows:
Year
RP TY
TPP TY
%
Est. TPP Value
1
2008
2009
50%
$15,000,000
2
2009
2010
25%
$7,500,000
3
2010
0%
$
0
4
2011
0%
$
0
5
2012
0%
$
0
Total
$22,500,000
Average ($22,500,000 / 5)
$4,500,000
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 renewal of a
qualified emergency 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 2006, then the
first year that levy will be assessed against personal property will be 2007.)
Renewed emergency levies will qualify for reimbursement payments for any such levy renewed for personal
property tax years 2007-2010. For personal property tax years 2011-2017, renewed emergency levies will continue
to receive a reimbursement payment if the original levy qualified for reimbursement (i.e., it is listed on the Department
of Taxation’s Web site), and the renewal levy generates at least the same amount of annual revenue as the
original qualifying emergency levy.
Line 5. Subtract the amount on line 4 from the amount on line 3 and enter the difference here. This is the amount
that will be collected as taxes.
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
Use this worksheet for all school emergency levies, whether for a renewal of the same amount as originally
authorized or for a renewal with an amount that is lesser or greater than that original amount. Note: You may also
have to inform the subdivision of the correct levy type to be used on the ballot.
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