Property in Ohio is appraised by the County Auditor. Once the appraised value is determined, the taxable value can be calculated by multiplying the appraised value by 35%.
A property that is appraised at $100,000 will be taxed on 35% of $100,000. Thirty-Five percent of $100,000 is $35,000 so the taxable value of a property valued at $100,000 is $35,000.
In Ohio 1 mill equals 1/1000 of a dollar or 0.001. Valley View’s request is for 5.48 mills calculated for taxes as 5.48/1000=0.00548.
Using the same example a property appraised at $100,000, has a taxable value of $35,000 and will pay .00548 times $35,000 which is $191.80 per year, or $15.98 per month as a result of this tax request.
Appraised value may vary due to CAUV values and Homestead Exemption. More detail on those may be found at the following link: