Why Do Districts Come to Voters Every Few Years for Funding?

    • Ohio law (HB 920) prevents Loveland City Schools from receiving increases in property tax collection due to appreciating property values
    • Even if costs increase or home values rise, the total dollar amount a district collects from voted levies do not increase
    • Districts only receive an increase in revenue to offset rising costs by returning to voters or with new construction
    • Ohio is the only state without an inflationary adjustment in funding for public schools

    For example, when the most recent levy passed in 2014, the 5.6 mills generated $421 dollars in new revenue from a home with an appraised value of $215,000. That home would now have an appraised value of $258,000 in 2022, but the revenue generated is still $421, reducing the effective tax rate to 4.6665 mills.

    Home valued at $215k in 2014 is valued at $258k in 2022. Taxes generated remain $421. 2014's 5.6 mill levy is now 4.6665 mill

    Our current effective millage is at the lowest point in 12 years, as shown in the graph below. 

    effective millage tax rate graph

    For more information on the above graph, please see the Treasurer's Financial Presentation at the June 6, 2022 Special Meeting of the Loveland City School District Board of Education by following this link: https://go.boarddocs.com/oh/love/Board.nsf/Public