Community leaders discuss property tax reliefs
YOUNGSTOWN, Ohio (WKBN) — County auditors across Ohio are working on ways to bring tax relief to property owners.
Several of them gathered today at the Covelli Centre in downtown Youngstown to lay out a plan.The bipartisan group wants legislative change, expanding the Homestead Exemption and limiting what a school can receive after reappraisals.
In Mahoning County, the last revaluation led to an average increase in property values of 38 percent.
They also support increasing how much money districts 'carry over balance' in their budget from one year to the next.
'25 percent is what a lot of counties and school districts need for bond issuance, so that's probably a pretty basic floor,' Mahoning County Auditor Ralph Meacham said. 'I think the real number should be over 25.'
But they do not support placing a cap on property taxes.
'I don't think it's feasible at this point because property taxes don't just support schools. Property taxes support our fire, our police, our townships,' Mecham said. 'And at this point, I think a cap on that, their money has to come from somewhere.'
Twenty-three bills were introduced in 2024 that had something to do with property reform, only two passed The auditors say several more will be introduced this year.
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