Here is information on the Issue 5 Property Tax Levy Renewal on the ballot November 3, 2020. This is important information that every taxpayer should know.
Issue 5 is a five-year property tax levy renewal with NO increase in taxes. The renewal levy is a fixed rate property tax levy for 8.4 mills and expects to provide an average of $700,000. With Rollbacks and other charges, the total revenue increases to around $835,000, to the General Fund annually.
The cost of the levy to taxpayers is $219.53 annually per $100,000 of appraised property value, which is only about 7.9% of the total property tax bill. This calculation is down from $239 annually per $100,000 of appraised property value since 2016.
Specifically, this levy will NOT increase taxes residents pay to the Village of Yellow Springs.
The charts and information below helps to add more depth and specificity to the tax levy information.
