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 CITY of TOLEDO RECONCILIATION of INCOME TAX WITHHELD 2016

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so may end a property tax break in its next state budget right now Ohioans pay 87.5 percent of property taxes that fund the state budget the state picks up the other 12 and a half percent that would go away if the proposed state budget becomes law if that happens school districts and others would get the same amount of money but it would cost you more the Lakota School Board hopes to dodge that by putting a five and a half mil levy on the November ballot now before the Law changes that Levy would cover operating costs and security upgrades it would cost 168 dollars for a one hundred thousand dollar home if the levy fails that same measure will cost taxpayers more 190 dollars per 100 000 home if it's on the ballot again this November looks a whole lot better than anything in 2014 is because the taxpayers still get the benefit of that 12 and a half percent deduct off of their their tax bill the end of the rollback would not affect current levies and Levy renewals the state budget

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