New Albany-Plain Local Schools
3. When property values are increased by reappraisals, what happens to voted millage?
Under Ohio law, the assessed value of real property is updated every three years through a sexennial reappraisal or a triennial update. Property taxes are reduced correspondingly so that the real property tax of the average homeowner for voted millage will not be increased as a result of reappraisals or triennial update. Therefore, even though a total of 75.20 mills have been approved by the New Albany-Plain Local School District, the residents pay only 55.47 effective mills on their property for school district taxes.