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Inside levies (Unvoted): Each taxing district can have up to 10 mills of unvoted millage. This millage moves in direct correlation with your property value. For example, if the value of your home increases 5%, the taxes on your inside millage will increase 5%. Fixed Sum Levies: Tax levies approved by voters to generate a specific amount of money. The two most popular fixed sum levies are emergency and a bond levy. In each case, the Budget Commission meets to determine the rate necessary to generate the amount of money that will comply with the levy requirements. Fixed Rate Levies: This type is the most common type of levy and must by approved by the voters. The levy only generates additional income if new construction occurs. If the value within a taxing subdivision's territory goes up due to a reappraisal, the tax rate is reduced so that it generates the same amount of money it did in the prior year. The effective rate can never be more than the voted rate. If the value increases due to new construction there will be additional tax revenue realized by the subdivision. The converse is also true.
Owner-Occupancy Credit: Residential property qualifies for this program if the property owner-occupied and the property owner does not claim any other property as their primary residence. To qualify for this program, you must file an application with the Greene County Auditor prior to the first Monday in June. Rental property does not qualify for the credit.
Homestead: If you are 65 or older or are permanently disabled you may qualify to have the taxes on the first $25,000 of your appraised value paid by the State of Ohio. Please visit the Homestead page to learn more.
The thought process behind this is that when you vote on a levy, you are voting to give the political subdivision a certain amount of money. If values of real estate change due to market conditions, the taxes should not necessarily change with them. In other words, just because your property value went up 10% does not mean it costs 10% more to provide fire service to your property.
For example, taxing district B42 represents Beavercreek City, but government services are provided to the residents of Beavercreek City and tax dollars are collected for Greene County, Beavercreek Township, Beavercreek City School District, Beavercreek City, and the Greene County Career Center.