Tag: property tax

  • Early holiday presents for Loveland homeowners – It’s coal under the tree

    Early holiday presents for Loveland homeowners – It’s coal under the tree

    by David Miller

    by David Miller

    Loveland, Ohio – No matter, whether naughty or nice, Loveland homeowners and renters will unwrap a piece of coal for the holidays when they sneak a peak at their next utility bill. With disregard for seniors on a fixed income and amid the recent uproar and defeat of the Loveland City School District levy over those concerns, the Loveland City Council has implemented new fees for homeowners that increase their water bill.

    Concerns over inflation, rising home ownership costs, and seniors staying in their Loveland homes were the most cited reasons for the school not receiving the added operating funds they requested from voters.

    The flat-rate, permanent fee will increase the cost to own a home in Loveland by $90/year immediately, and $114/year beginning in 2025. Homeowners will see what city hall is calling a “Water Main Replacement (WMR) Fee” on their next billing statement.

    The flat fee will be charged to all City of Loveland utility customers regardless of income status, age, or how much water they actually consume. The revenue from the WMR Fee, according to a release issued by the City will be used solely for water main replacement projects.

    The fee will be paid by all City of Loveland utility customers, residential or commercial both inside and outside of the city’s corporation boundaries. The fee is charged “per unit” on multi-family residential units.

    Meanwhile…

    Hamilton County homeowners will get a lower stadium tax rebate next year” is how WVXU’s Becca Costello reported that Hamilton County property owners in 2023 will receive a smaller tax rebate than this year.

    In 1996 when voters passed a half-cent sales tax to build and maintain Great American Ball Park and what is now Paycor Stadium officials promised to give 30% of the revenue back to homeowners as tax rebates. They are failing to keep that promise.

    Read on at WVXU…

  • Loveland’s 1.75 Mill Fire and EMS Levy passes

    Loveland’s 1.75 Mill Fire and EMS Levy passes

    Loveland, Ohio – The City’s 1.75 Mill Fire and EMS levy passed at the ballot box on May 3.

    At the time of its introduction by the Council, it was estimated property tax revenue produced would be an additional $727,638 per year and the amount would be sufficient to “maintain Fire and EMS services”, according to the City Manager. The estimated cost to an owner of a home with a $100,000 market value is $61.25 per year.

    Unofficial Results:

    Clermont County – 278 YES, 168 NO.

    Hamilton County – 837 YES, 540 NO.

    Warren County – 120 YES, 47 NO.

  • Loveland District kicks off finance committee work in facilities master planning process

    Loveland District kicks off finance committee work in facilities master planning process

    Building Tiger Nation in full motion

    Loveland, Ohio – The Building Tiger Nation Finance Committee met on Thursday, October 18, to begin its deep dive into school finance. The meeting, which was the first in a series of monthly meetings to be held over the next several months, was open to the public and specifically designed to assist community members develop an understanding of how school funding relates to Loveland taxpayers.

    Loveland City School District Treasurer Kevin Hawley

    “The information shared at this meeting was focused on who we are as a community, taking into account tax base and income,” said Loveland City School District Treasurer Kevin Hawley. “As we move forward, we will continue to inform our community about school finances, but will also answer questions and gather input on choices that will need to be made with regard to community financial support. The ultimate goal of the committee is to make a recommendation on the best funding package for the master plan to the school board this coming spring, after evaluating all the options.”

    According to the District:

    “Takeaways from the data presented at the meeting include the information that the Loveland City Schools District, which serves five communities and is one of the largest in the area, has a low level of debt in comparison to similar districts. For every dollar generated from property tax revenues in Loveland, $0.92 come from residential property, versus only $0.08 from commercial property. Loveland residents, which are among the wealthiest in Ohio, have shown extraordinary support for the schools by approving nearly 80 percent of levy requests on the first ask.”

     

    The next meeting in the series is scheduled for November 15, 6:30 PM.

    “The initial Finance Committee meeting was highly informative for everyone in the room, not just those with a specific interest or expertise in finance,” said Loveland Superintendent Dr. Amy Crouse. “The information was extremely helpful in the context of where we are in our master planning process. As an example, it was eye opening to see how heavily local school revenue falls on residential property owners in Loveland in comparison to many surrounding district that have a higher commercial base to generate taxes. My hope is that our community takes advantage of these opportunities to come together, learn, ask questions, and lend their voices in this important process.”

    The next meeting in the series is scheduled for November 15, 6:30 PM. and will be held in the Loveland Middle School media center.

    All residents are invited and encouraged to attend.

    The discussion will center around how much Loveland residents pay in taxes relative to other school districts, and ways to compare Loveland with neighboring communities and other high-performing school districts. All residents are invited and encouraged to attend.



      Accounting Plus–Bingaman Accounting and Tax Service, LLC is a tax preparation, payroll and bookkeeping company locally based in Loveland, OH.