Fort requests 2.5 mill levy (11/06/06)

Among the issues Fort Recovery residents will be asked to vote on Tuesday is the village's request for a 2.5 mill five-year replacement levy for operating costs.

If passed, the levy would replace an existing levy of the same millage. The current levy brings in $48,624 and the new levy would generate $57,500 in 2007.

The new levy brings in more money because it is a replacement, not a renewal, and residents are taxed at 2.5 mills (25 cents for each $100 of assessed valuation). As an example, with a home assessed at $100,000, the new levy would generate $76.56 annually, according to Mercer County Auditor, Mark Giesige, an increase of $16.44.

Money generated from the levy is placed in the village's general fund and is used to help run the police department and to pay for street lighting costs, according to village administrator, Randy Diller.

The current five-year levy is set to expire Dec. 31.[[In-content Ad]]