COLUMBUS, Ohio-Do Ohio public school districts automatically get more funding when property values rise? The answer is complicated. Inside millage, which is unvoted and capped at 10 mills, can increase funding for schools when property values go up. However, outside millage, which requires voter approval (like school levies), does not increase with rising property values due to House Bill 920, which adjusts the millage rate to maintain the amount approved by voters. If a school levy passes in a county that underwent a recent reappraisal, will the levy amount be based on the new property values? No, the amount is based on the previous year’s property values.
