Posted on 12/31/2021 11:28:08 AM PST by EBH
Conley stated, “The general concept is to eliminate some, or all, of the district’s property taxes used for operations of the district, and at the same time institute a new SDIT that would replace the revenue currently generated by the property taxes.”
Conley’s presentation to the school board comes after board members and Superintendent Renee Willis earlier this month objected to City Council approving tax abatement for the Belle Oaks Marketplace project at the Richmond Town Square mall property. Included in the $260-million mixed-use Belle Oaks project will be residential and retail uses. Only the northern portion of the mall property lies within the Richmond Heights School District, while a greater portion is located within the South Euclid-Lyndhurst School District.
Most of the project’s retail development will also be located within the SE-L School District, which means the Richmond Heights Schools would not receive those income taxes.
Nearly 800 Class A apartments are scheduled to be built as part of the development. Of those, 375 apartments in six buildings will be built within the Richmond Heights Schools District. School officials have voiced concern to city leaders that new students will be moving into Richmond Heights to residences that have had property taxes abated. Thus, Conley suggests, a switch to income tax funding could be beneficial to the school district and to property-owning residents.
The fact that Belle Oaks is largely property-tax-abated means that new Belle Oaks resident renters may not be contributing to the cost of operating the school district.
(Excerpt) Read more at cleveland.com ...
at least everyone will pay this tax including illegals and welfare recipients.
Right - just like here in WA where we were fooled into believing the lottery was for schools.
Other than some of the retirees, property-owning residents are likely to be paying Federal income tax, so where's the benefit for them?
They’ll never get rid of the property tax. They’ll just add to it.
I would suggest letting the South Euclid-Lyndhurst School District annex the Richmond part and deal with both the tax consequences and the students.
It sounds like the school district lines do not follow town lines in Ohio.
Money is fungible—unless politicians go straight to jail the moment they touch funds designated for a different purpose.
I meant to add that it will never happen as government entities don’t like losing territory.
yup, that’s what I was thinking. The property tax won’t go down to match.
School funding in Ohio is screwed up, even without funny business like this. The state supreme court has ruled that relying on local property tax is against the Ohio Constitution (see https://en.wikipedia.org/wiki/DeRolph_v._State for details). School income taxes are regularly voted down because they never seem to replace the property tax, only supplement it.
And retired folks with no kids exempt as well right?
Nearly 50% of current property tax goes to fund the schools. At least in my case.
Ideally that 50% of the tax is no longer “property tax.”
Now institute a an income tax.
The question becomes, is it fair for someone who has 3 kids in school and grossing 100,00 to pay less for their kids
than someone who is single no kids and grossing 200,000 per yr.
The city gave the property tax abatement, but now is trying to create a way to collect said property tax another way by calling it an income tax.
Property taxes are outright confiscatory in Texas.
In WA they later decided to put it in the general fund; after the lottery was approved by voters.
Got to keep the bloated public educrats fat and happy.
Less than 10% ever went to education.
A question to all?
A coworker retired a few years back to, I think Alabama?
He claimed that without kids in the public school he did not pay a school tax?
Could that be possible?
property taxes and school taxes aren’t the same thing depending on where you live
i pay separate property taxes to the school, the village AND the county...
and they do not all follow each other taxwise
“The property tax won’t go down to match.”
While waiting on hold at the tax collector’s office, a repeating message from the tax collector told me how they’d done all kinds of sewer projects and water projects and not raised the property taxes once in five years. I own seven rentals and the taxes have gone up by large percentages each year. You see, if you’re a corporation, it’s not the same as taxes on someone who votes. Thus, the rents have gone up every year, if I get a new renter. That’s because the renters in my bracket rarely get raises and they’re pretty much maxed out. But the politicians groan about how high rents are without ever saying they’re that high because they raise the taxes on landlords EVERY YEAR!
Most do, but this was likely an odd quirk from a century ago or so when they drew the lines. I grew up in a district that borders these two and back then, Richmond Hts. barely had 1000 students total.
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