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Mariemont: 2020 Residential Tax Value Update – Tom Golinar

Residential property values in the Mariemont City School District increased by an average of 13 percent with this most recent update, and this was in line with the increase seen throughout all of Hamilton County… So why doesn’t the school district see a 13 percent increase in revenue?

By state law (House Bill 920 enacted in 1976), voted taxes cannot increase despite inflation, and House Bill 920 does this in two ways. First, House Bill 920 prohibits the school district (and the other entities receiving your property tax dollars) from collecting any more voted tax dollars than what has been approved by voters, even when property values increase, so voted millage is actually reduced to accomplish this.

https://www.mariemontschools.org/protected/ArticleView.aspx?iid=5G3PB0&dasi=3G02

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