You can download our Excel spreadsheet to calculate your own rates here

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City of Bedford, Ohio
Estimated Calculations for Change in taxes
With 8.9 mil Levy

Current 2009 Tax Payment "City Only"
Fill in your Home value for 2009 and 2010 Below Taxes paid in 2009 Taxes - half year
$100,000.00  (Your home value in 2009)    
$87,800.00  (Your home value in 2010)
 
Total Market Value $100,000.00
Assessed Value $35,000.00
Gross Tax Yearly $448.00 $224.00
Add: 8.9 mil levy $0.00 $0.00
HB 920 reductions $0.00 $0.00
Subtotal $448.00 $224.00
 
Less: 10% reduction State Paid -$44.80 -$22.40
Less: 2.5% Rollback -$11.20 -$5.60
Street Light Savings $0.00  
Total taxes Net $392.40 $196.00
Does not include New levies or other Public entity calculations!
Base upon Tax Year 2009 rates if levy passes
Homestead Reductions not included
 
Difference increase (decrease ) in taxes paid to City of Bedford
Total Taxes Net $188.42 $94.21
Per month $15.70  

Assumptions:
Current Tax bill for $100,000 Home reduced value 12.2% in 2010.
Net Effective rate for 2010 is 67.9626 mills. Reduction factor is .3703
No other public entity new issues are included in these calculations.

City of Bedford, Ohio
Estimated Calculations for Change in taxes
With 8.9 mil Levy with drop in value of 12.2%

Tax Payment 2010 "City Only"
Fill in your Home value for 2010 Taxes paid in 2010 Taxes - half year
     
Total Market Value $87,800.00  
Assessed Value $30,730.00  
Gross Tax Yearly $393.34 $196.67
Add: 8.9 mil levy $273.50 $136.75
HB 920 reductions $0.00 $0.00
Subtotal $666.84 $333.42
 
Less: 10% reduction State Paid -$66.68 -$33.34
Less: 2.5% Rollback -$16.67 -$8.34
Street Light Savings -$3.06 -$1.53
Total taxes Net $580.42 $290.21
Does not include New levies or other Public entity calculations!
Base upon Tax Year 2009 rates if levy passes
Homestead Reductions not included