School districts in Ohio are financed with a combination of federal, state, and local funds. At the state level, school districts receive funding from the Ohio Department of Education’s (ODE) general revenue funds and Ohio Lottery profits. At the local level, school districts receive funding from locally levied property taxes. School districts also can receive funding from income taxes approved by voters.

More Info / Source: Ohio State School Boards "Understanding School Levies"

General / Operating Levy — A property tax used for any school district purpose but primarily for either operating expenses or permanent improvement funding. General levies used to provide operating funds are commonly known as operating levies, while those used for permanent improvements can be known as permanent improvement or PI levies. Boards of education propose levies as a specific dollar amount of new revenue. That proposal is reviewed by the county auditor, who determines the actual millage necessary to produce the dollar amount. The levy, once approved by voters, is subject to the tax reduction factor.

Emergency Levy — A property tax that serves as a limited operating levy (maximum of 10 years) proposed for a specific dollar amount. Because the dollar amount of taxes charged by the levy must stay constant, the millage rate increases or decreases as property values change. (Note: The millage of a general levy proposed for a specific dollar amount cannot be raised beyond the voted amount, while the millage of an emergency levy can.) Emergency levies may be renewed for the dollar amount originally requested.

Bond Levy or Bond Issue — A property tax levy used to provide a school district with local revenue for construction purposes. The county auditor determines the rate of a bond levy needed each year to service the principal and interest owed on the amount of bonded debt approved by voters when they approved the bond levy. Bond levies remain in place until the debt (principal and interest) is fully paid, typically 20 or more years.

Source: Ohio State School Boards "Understanding School Levies"

GENERAL FUND (OPERATING FUND): Also known as the operating fund, the general fund includes discretionary dollars that support day-to-day operations. Revenue is primarily funded by locally levied property tax dollars, a majority of which are residential . Expenses include teaching and learning, human capital, utilities, materials and supplies, and facility maintenance. 

PERMANENT IMPROVEMENT: Permanent improvement dollars are used for improvements, repairs, and equipment that are designed to last five or more years. Revenue is funded by local property tax dollars as a result of the Permanent Improvement Levies. Expenses include major upgrades and repairs that prioritize safety while promoting learning and a well-rounded student experience.

BONDS: Bond dollars, by law, can be used only for the capital projects outlined in the purpose of the bond summary. Bond issues are funded by local property tax dollars. Expenses include building construction, major renovations, and/or land acquisition to accommodate enrollment growth.

Answer coming soon!

Answer coming soon!

No, it does not receive more money unless it is on the 20-mill floor (see below). If property values increase, voted levy rates go down, so the amount of revenue collected by the district from voted levies always remains the same.

More Reading:

Understanding Real Estate Taxes, David Graham, Greene County Auditor

Understanding Propety Taxes in Ohio, David Graham, Greene County Auditor

The unit of value for expressing the rate of property taxes in Ohio is the “mill.” A mill is defined as one-tenth of a percent or one-tenth of a cent (0.1 cents) in cash terms. Millage is the factor applied to the assessed value of property to produce tax revenue.

1 Mill = $1 for every $1,000 of appraised value

Answer coming soon!

Inside or Unvoted Mills — Millage imposed by local governments without voter approval as defined in the Ohio Constitution. The constitutional limit for these taxes is 1% or 10 mills. Public schools, cities, counties and other local governments within a taxing district are allocated a portion of the inside mills collected within the district.

Outside or Voted Mills — Millage approved by voters. Outside mills are subject to the property tax reduction factor.

Source: Ohio State School Boards "Understanding School Levies"

Effective Mills — In the case of real property, a difference can exist between a tax levy’s rate as authorized by the voters and the actual amount of mills charged against a district’s assessed valuation. The effective millage rate reflects the fact that the original number of voted mills has received an adjustment to compensate for the impact of inflation on real property values.

Source: Ohio State School Boards "Understanding School Levies"

Answer coming soon!

Visit the Beavercreek City Schools Treasurer website, located at:
https://www.gocreek.org/page/treasurer

The effective rate can never exceed the voted rate, with the exception of when a school district is at the "20 mill floor". This happens when a school district has general fund levies voted in excess of 20 mills, in which case the rate can never be reduced below 20 mills.

So, if a school district is at the 20-mill-floor and values increase 10%, the tax rate cannot be reduced below 20 mills, resulting in a 10% increase in tax revenues. In essence, the school district's general fund millage acts like inside millage where the percentage increase in value will equal the percentage increase in taxes.

Beavercreek City Schools are at the 20-mill floor.

Source: Understanding Real Estate Taxes, David Graham, Greene County Auditor

In 1976, the Ohio General Assembly passed House Bill (HB) 920, which reduces the taxes charged by a voted levy to offset increases in the value of real property. This is called the property tax reduction factor or HB 920 factor. The reduction factor applies to both Class I and Class II real property. This means the amount of outside millage taxes collected on property will not exceed the amount collected at the property’s value in the first year the taxes were collected. Although property values may increase while the levy is in effect, the amount of taxes collected on those properties do not increase. The reduced rate at which taxes are collected is termed the “effective” millage.

More Info: See Ohio Revised Code Section 319.301 for law text

Answer coming soon!

Answer coming soon!