Ohio’s school funding model is designed so that local taxpayers share the burden with the state to fund public education. Ohio law, known as House Bill 920, protects homeowners and residents from facing inflationary tax increases as property values increase. This means when property values increase, the effective tax rate in a district decreases because only the amount approved by voters can be collected. As a result, most school districts across the state ask voters for tax levies every few years to maintain normal operations.

The increase was expected and planned in the levy cycle. The increase from the revaluation reduced the need to ask for a larger levy. For this calendar year, our increase in local funding is $4,975,022, a 6.9% increase, which is a result of the valuation increase as well as "hitting the 20 mill floor." The 20 mill floor is set by the Ohio Legislature and can be changed at any time. Perrysburg has 45.60 mils of voted fixed rate tax levies. These voted fixed rate levies combined with current expense inside millage are subject to House Bill 920 limitations. As home valuations increase, the provisions in HB920 automatically reduce the voted millage to an effective millage to keep revenues from voted tax levies from increasing. The automatic reductions, by law, end when the school district "hits the 20 mill floor." The 20 mill floor consists of the voted fixed rate levies and current expense inside millage. In 2024, the school district's effective voted fixed rate millage dropped to 15.70 mills, which when added to inside millage of 4.30, puts the district at 20 mils. As a result, the effective rate of voted fixed rate levies could not decrease any further, so as home values increased, more revenue was generated without an increase in levy millage.

The 2023 reappraisals in Wood County resulted in a 23.4% increase in total valuation for Perrysburg Schools ($1.1B to $1.4B). As a result, the voted fixed rate levies will generate $4.975M more general fund revenue ($37.3M to $42.3M) in calendar year 2024.

It is not permitted by law. No school district can use sales taxes to fund operations.