Kelleys Island Local

TY2023 to TY2024 # ↑ Contents2021-20242021-2024 — tax years, a calendar year of valuation and levy. Source: Department of Taxation, Table SD-1.

This district charges less than twenty mills, so H.B. 920's reduction factors are not operating on it — and never have. The floor is a guarantee of what twenty mills would raise rather than a rate anyone is held to, so a district already below it has nothing that can be reduced. Twenty-one districts in Ohio charge under twenty effective Class I mills. Its Class I value moved 43.15% and its charge moved 30.32%: a reappraisal reaches revenue here, for a different reason than at the floor.

Statewide the split is stark. Of the 416 districts that began TY2023 above the floor, 301 saw their effective Class I rate fall by TY2024; of the 193 that began at it, 9 did. 97.1% of every effective-rate reduction in Ohio happens above the floor — the mechanism working exactly as written, and the reason floor status is the highest-leverage single fact about a district's local revenue.

With one qualification worth making, because the split above invites treating floor status as a fixed property of a district and it is not. 54 districts sit above the floor by less than a twentieth of a mill, and 82 crossed 20.0000 in one direction or the other between these two tax years — most of them by under five hundredths. For those the binary is decided in the fourth decimal place and will likely read the other way next year. It is a real threshold with real consequences, and for roughly a district in eight it is also a coin toss.

Tax charged is not money received. A tax year is collected across the following calendar year in two settlements, so a levy passed in November is charged in full for that tax year and arrives across two fiscal years. Any comparison of a charge to a year's spending inherits that gap, and it is largest exactly where a levy has just passed.

What voters approved, and what the factors left # ↑ Contents20242024 — tax year, a calendar year of valuation and levy. Source: Department of Taxation, Table SD-1.

The District Profile Report carries no voted operating millage for this district, so the reduction cannot be stated as a share here.

What the factors alone predict

The charged rate is 1.00 mills below what the factors alone predict. Reduction factors cannot do that; they hold a levy's yield roughly flat, they do not retire it. A rate that falls faster than they explain means millage came off the books — a levy reaching its term, or one replaced at a lower rate.

This is the local half of the formula in one number, and the reason a millage comparison between districts means almost nothing on its own. One mill raises $21,025 per pupil here against a statewide median of $227, so this district reaches the median district's revenue with 0.01 mills of effort. A lower rate here is not necessarily a lower commitment. Across the state one mill runs from $63 per pupil to $21,025, a spread of 336 times, which is the inequality the state share exists to offset.

What the tax base is made of, TY2024 # ↑ Contents2021-20242021-2024 — tax years, a calendar year of valuation and levy. Source: Department of Taxation, Table SD-1.

93% of this district's tax base is Class I — residential and agricultural. That class carries its own reduction factor, separate from everything else. Total taxable value is $144,317,550, or $21,196,748 per pupil.

The split matters because the two classes are reduced separately. A district whose base is mostly residential and one whose base is mostly commercial respond differently to the same reappraisal, and their effective rates diverge over time even if voters approved identical millage.

Where these figures come from, and what they are not # ↑ Contents

Table SD-1, published by the Ohio Department of Taxation — a different department from the one that publishes the funding model every other page here reads. Where the two overlap they agree, in the year they share: this district's effective Class I rate for TY2023 matches the Department of Education's District Profile Report to 0.01 mills, and so does every one of the 606districts carrying both.

That is not the rate in the tile above. The tile is TY2024, this table's latest year, and the profile report's column is TY2023 — a year behind by construction. The two publications agree on TY2024 for only 219 of the 606, which is not a disagreement between departments but the ordinary fact that one of them has published a later year. The sentence above used to state the agreement without the year, three cards below a figure it was not about.

These are current expense levies only. Bond and permanent-improvement millage is excluded, and so are joint vocational operating levies, which are charged on the same property by a different taxing authority. The 0.8% of this district's TY2024 base that is public utility tangible property is neither Class I nor Class II and is not subject to reduction factors at all.

Nothing here is a projection. Valuation moves on a county reappraisal cycle rather than smoothly, which is why the scenario builder holds it fixed: the corpus has two observations per district and cannot forecast a step function.