Six Montgomery County school districts have new tax levies on the ballot this November, some for the third, fourth or fifth time. But many homeowners oppose any new taxes, citing losses in property values and the overall post-recession fiscal squeeze among reasons to vote against new levies.
As we move towards election day Nov. 5, the Beavercreek City School District is among those pleading with voters for new levy funding. The district has had four recent levies defeated at the ballot box, and is now returning with a fifth, reduced levy of 6.3 mills. The emergency levy would cost property owners about $18 a month per $100,000 of appraised property value.
Republican lawmakers in the Ohio legislature are sponsoring a bill that they say would simplify municipal tax structures throughout the state. Representative Cheryl Grossman says this bill is necessary because local taxes are too complicated.
A story in Bloomberg earlier this week found that hedge fund Magnetar has bought up a significant chunk of the rental stock in Montgomery County’s Huber Heights—and then requested a major reduction in those properties’ values. That reduction, if approved, could affect the city’s taxes and levies.
One of the Republican Senators who voted to allow the state to accept two and a half billion federal dollars for Medicaid expansion has introduced a bill to give Ohioans a tax break. The legislation is designed to capture savings in state government and give that money back to Ohio taxpayers.