tag:blogger.com,1999:blog-6782792124434572025.post1190481586807722946..comments2024-01-05T14:03:34.310-05:00Comments on CityKin: Property Taxes DueCityKinhttp://www.blogger.com/profile/09068481950069401281noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6782792124434572025.post-54471652124381598782009-01-15T17:07:00.000-05:002009-01-15T17:07:00.000-05:00"So how about an update; is our billion dollars be..."So how about an update; is our billion dollars being well spent on the new facilities?"<BR/><BR/>Uh, no. They have built a lot of generic crap and torn down or sold many beautiful old buildings.<BR/><BR/>My hope is that test scores will continue to increase and it will be good for property values.CityKinhttps://www.blogger.com/profile/09068481950069401281noreply@blogger.comtag:blogger.com,1999:blog-6782792124434572025.post-91362510147257305942009-01-15T16:39:00.000-05:002009-01-15T16:39:00.000-05:00Seems reasonable to me.Sincerely,A non-property ow...Seems reasonable to me.<BR/><BR/>Sincerely,<BR/><BR/>A non-property ownerRandy Simeshttps://www.blogger.com/profile/14272257274373604807noreply@blogger.comtag:blogger.com,1999:blog-6782792124434572025.post-79362435568048899682009-01-15T15:13:00.000-05:002009-01-15T15:13:00.000-05:00Mike,Seems like forever...But really, it was a 10 ...Mike,<BR/>Seems like forever...<BR/>But really, it was a 10 year levy approved in a special election May 2003. So in about five more years that particular shackle will be lifted from us.<BR/><BR/>I've seen some of your older posts on school buildings. So how about an update; is our billion dollars being well spent on the new facilities?<BR/><BR/>While we're on the subject, this is the last year we'll be paying the Drake levy. Unless Pepper & Portune find a way to resurrect it on the third day. Having lost money from time immemorial, it was finally sold and is making money. The new operator said it doesn't need or want the levy. Details <A HREF="http://coast-usa.blogspot.com/2008/06/drake-declines-portunes-tax-levy.html" REL="nofollow">here</A>.<BR/><BR/>Quim,<BR/>That's really the breakdown. Think of it this way:<BR/><B>Retardation levy</B> covers long term care of those who can't fend for themselves; it's a permanent societal obligation.<BR/><B>Ill levy</B> covers treatment; those folks eventually either get better, or get transferred to the first group.Mark Millerhttps://www.blogger.com/profile/15155390616574310800noreply@blogger.comtag:blogger.com,1999:blog-6782792124434572025.post-75517019898549765922009-01-15T14:58:00.000-05:002009-01-15T14:58:00.000-05:00I thought it was kinda odd that we pay about twice...I thought it was kinda odd that we pay about twice as much for mentally retarded services than for mentally ill services.<BR/>Is that really how the need/expenses break down ?<BR/><BR/>PS ultimately, you don't really own your property anyway.Quimbobhttps://www.blogger.com/profile/14414025266566849822noreply@blogger.comtag:blogger.com,1999:blog-6782792124434572025.post-55997941996435016512009-01-15T14:57:00.000-05:002009-01-15T14:57:00.000-05:00I just bought a condo and about flipped over the p...I just bought a condo and about flipped over the property taxes, they haven't told us what they'll be yet, we have a 15 yr abatement, but I think in about 13 yrs we'll be renting again.5chw4r7zhttps://www.blogger.com/profile/00635910297238841220noreply@blogger.comtag:blogger.com,1999:blog-6782792124434572025.post-18268443047526823252009-01-15T14:33:00.000-05:002009-01-15T14:33:00.000-05:00I knew this post would get you going Mark. But re...I knew this post would get you going Mark. But really, thanks for clarifying. Seems like almost all of the $2075 goes to CPS, which I did not realize at all. How many years is the $450 levy for?CityKinhttps://www.blogger.com/profile/09068481950069401281noreply@blogger.comtag:blogger.com,1999:blog-6782792124434572025.post-63347119273407397162009-01-15T14:09:00.000-05:002009-01-15T14:09:00.000-05:00Your getting confused. It's not Cincinnati that ge...Your getting confused. It's not Cincinnati that gets the $2075, it's Hamilton County. For a breakdown on where that $2075 goes, see Dusty's page <A HREF="http://www.hamiltoncountyauditor.org/pdf/re_100k2009.pdf" REL="nofollow">here</A>.<BR/><BR/>The City gets a pittance from the property tax, and rebates most of it anyway. Most of their funding comes from the earnings tax.<BR/><BR/>In Cincinnati, CPS is about 2/3 of our total property tax bill (2nd most expensive in Ohio) and if you add in the other school-related levies, about 3/4 of our property taxes go fund public education. That $450 "TaxSchools" is the billion dollar facilities levy we gave them a few years back to use for tearing down all the nice old buildings.<BR/><BR/>Oh, and at 2.6%, you have effectively turned over your property to the government after 38 (100/2.6) years.Mark Millerhttps://www.blogger.com/profile/15155390616574310800noreply@blogger.com