Posted by Aida Mogos - email
CINCINNATI, OH (FOX19) - An approval for the renewal of three levies could save taxpayers money.
Hamilton County Commissioners unanimously approved the levies for November's ballot on Tuesday. If all are renewed by the voters, the levies will actually lower property taxes.
The MRDD, the Cincinnati Museum Center and Family Services Treatment will receive less money than they asked for and less than what was recommended by the County's Tax Levy Review Commission.
This is the breakdown of what will happen if the levies are approved at the proposed amounts:
1. The total cost to a $100,000 home will be $118.86 as opposed to the $119.14 it is today.
2. The annual revenues for all three will be $88.4 million, versus the $90.1 million it is today.
3. The total five year estimated revenue proposed now will be more than $90 million less than the maximum amount that the standard BOCC/TLRC inflation policy allows.