4. Does the District receive more money as property increases in value?
No, except for inside millage. Voted school revenue does not increase as property values increase. In October 1976, the Ohio Legislature literally stopped increases in voted tax revenue to schools as a result of increased valuation or property by approving Substitute House Bill 920. As a result, schools are locked into income from the tax valuations in place at the time a levy is passed. Schools do not benefit by increased property valuations due to inflation unless another levy is passed. Ohio is one of only a few states in the nation with a bill of this nature.