Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»Ohio’s property tax crisis is festering. There are solutions.| Opinion
    Property

    Ohio’s property tax crisis is festering. There are solutions.| Opinion

    March 21, 20253 Mins Read


    Michael Stinziano
     |  Guest Columnist

    play

    South Side homeowner Bonnie Mitchell sees 500% tax hike

    South Side homeowner Bonnie Mitchell sees 500% tax hike, seeks relief through Legal Aid Society; is able to keep house

    Michael Stinziano is Franklin County auditor.

    Re: “Will Ohio homeowners get property tax relief? Why lawmakers can’t agree on a fix,” Feb. 24: Ohio does not have a property value problem; it has a property tax problem.

    Increasing home values are not the cause of unaffordable property tax bills in Franklin County. A byzantine, unconstitutional property tax system that forces underfunded schools and other taxing agencies to go on the ballot, often with levies that ultimately can raise taxes for everyone, has caused this kitchen-table issue.  

    In Franklin County, had two levies not been sought and ultimately passed after the 2023 reappraisal, property taxes would have remained flat or decreased for around 50% of property owners, despite the increase in values.

    Yes, this means values can go up and taxes down (and under Ohio’s system, values could go down and taxes up). This is partly because House Bill 920, which became law in 1976, includes tax reduction factors that limit property tax increases because of property value increases.

    You certainly want your property value to increase given your home is one of the largest investments you make in your lifetime. 

    The system as created was not complicated, but over the decades it has evolved and caused issues that were not anticipated, which has led to the situation that Franklin County and other parts of Ohio find themselves in.

    For four and a half decades, the Republican-controlled General Assembly has had the opportunity to solve these problems. Instead, they have pursued tax cuts and culture war laws that address nonexistent issues while this tax issue festers and neighbors remain concerned about how to remain in their homes. 

    There are solutions

    As your Franklin County Auditor, I continue to advocate for a menu of property tax relief legislation, including ideas such as: targeted exemptions, deferral programs and modernization of the homestead exemption. An array of reforms remains the best way to keep Ohio an affordable place to live. 

    As mentioned in the article, property tax increases were worse for homeowners who live where school districts have reached a 20-mill floor, below which House Bill 920’s tax reduction factors do not apply. Luckily, no school district in Franklin County has reached that 20-mill floor as of yet, but it might not stay that way for long. 

    Let’s finally get property tax relief for Ohio’s residents who are concerned they are in danger of being priced out of their neighborhoods.

    A bipartisan group of county auditors, including me, has been proposing changes that would address this crisis for years.

    But the legislative changes that are needed can only be accomplished in one place: the Statehouse.

    I urge statehouse legislators — do something! Let’s solve this escalating property tax problem for our residents by passing meaningful reforms.   

    Michael Stinziano is Franklin County auditor.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Rightmove marks 25 years with the UK’s most viral homes

    Property

    Paranoid tenant almost loses her bond after a real estate agent spotted a ‘sticky white residue’ on her dishwasher – before an eagle-eyed cleaner exposed his crucial mistake

    Property

    UK housing market falters in anticipation of Autumn Budget

    Property

    Governor says state can cover costs of eliminating homestead property tax in fiscally constrained counties

    Property

    America’s richest real estate tycoon disowns son with shockingly icy 12-word statement after ‘man cave’ plans went terribly wrong

    Property

    Kirstie Allsopp leads fury over Labour’s ‘pathetic’ house-buying reforms – and fears Keir Starmer will roll out digital IDs to get on the property ladder

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Commodities Will Be Distributed in Russell on July 23

    Precious Metal

    Pascal et André, “superstars” de la Silver Geek

    Commodities

    Trump Says He Will Raise Canada Steel and Aluminum Tariffs to 50% — Commodities Roundup

    Editors Picks

    XRP Climbs 10% In Bullish Trade By Investing.com

    July 13, 2024

    Pascal et André, “superstars” de la Silver Geek

    April 19, 2025

    A Blend of Secure Centralized and Decentralized Crypto Trading

    July 24, 2024

    AP PHOTOS: White Afrikaner farmers at an agricultural fair deny Trump’s genocide claims

    May 20, 2025
    What's Hot

    Russia raises diplomatic property dispute with US during talks in Riyadh — Lavrov – Russian Politics & Diplomacy

    February 19, 2025

    What Is The Future Of Your Bitcoins?

    April 9, 2018

    EU targets crypto, fintech firms in push to tackle money laundering | Article

    September 11, 2025
    Our Picks

    Metal Gear Solid Delta: Snake Eater – Torch Location

    August 27, 2025

    McCracken County Fiscal Court has first reading on updated property code | News

    August 27, 2024

    Une soirée rock dans l’Eure pour remplacer le Gisors Metal Fest

    March 14, 2025
    Weekly Top

    Groundbreaking metal-organic framework research wins Chemistry Nobel Prize 2025

    October 8, 2025

    Record Returns on African Sovereign Bonds Match With Strengthening Conditions for the Region’s Eurobonds

    October 8, 2025

    Cenovus sweetens takeover offer for MEG Energy

    October 8, 2025
    Editor's Pick

    La Fintech Qonto utilise l’IA générative pour une gestion financière plus humaine

    April 20, 2025

    China cracks down on fake, inferior agricultural supplies to protect farmers’ interests

    March 19, 2025

    BTC Holds $60K, But WIF & UNI Soar 8%-10%

    October 11, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.