1.) What is the total property tax bill for your house in Ohio with a market value of $125,000? Note the following and show your calculations in the space below:

You are eligible for the $25,000 homestead exemption

The city in which you live has a millage rate of 70.

Dont forget residential taxable value is 35% of assessed value in Ohio!

Assuming the exact same scenario as above;

2.) Research online to identify a proposed levy (present or past) that would impact property taxes. The levy can be in any state over the last 5 years BUT still assume the scenario in Q1 for the sake of simplicity/practice. Identify:

A. The source:

B. A summary of the issue (location, proponents, why pursuing), 100-250 words:

C. The proposed levys impact on property taxes:

D. How the levy would impact YOUR property taxes for the property in Q1: