Important property tax information
By Brian Kern, Treasurer/CFO
Recently you may have read about the property reappraisal process in Franklin County. Every six years, property values are reappraised by the Franklin County Auditor’s Office. This year, property values county wide are expected to increase in most areas. I would like to share a couple of key points with you regarding what the reappraisals mean to Dublin City Schools, which is primarily funded by local property taxes.
• When property values increase in a reappraisal year, it does not mean a windfall for public schools. In the 1970s, the Ohio legislature passed House Bill 920. This legislation prevents voted school tax issues from increasing with inflation. For example, if an operating issue is approved by voters and generates a hypothetical $6-million per year, it can only ever generate $6-million per year.
• The percentage increase in value of your property will not correspond to the percentage increase in taxes. Taxes in Dublin are expected to rise about 1.3% according to a recent Columbus Dispatch article, compared with Grandview for example, that will see a 4% increase.
Below are some additional bullet points that address common misconceptions regarding public school districts regarding and funding and growth.
School district property taxes
• ALL Dublin City Schools residents pay Dublin City Schools property taxes. The municipality, county, or township in which you live is irrelevant when it comes to school district property tax. If you live within the District’s boundaries, you pay Dublin City Schools property taxes. The residents of Jerome Village pay Dublin City Schools property taxes, as do the residents of Columbus, and the residents of Union and Delaware counties.
• Dublin City Schools is funded primarily by local property taxes, while the City of Dublin is funded largely by a two percent municipal income tax paid by those who work in Dublin. These two revenue streams are not shared between the agencies.
• Only about 10 percent of the District’s funding is provided by the State of Ohio
Community growth control
• It is no secret our school district is growing. We anticipate adding about 3,000 additional students over the next 10 years. According to our Master Plan, we will need two more elementary schools, a fifth middle school, and additions to two of our high schools. With the acquisition of the former Verizon building, we do not anticipate needing a fourth high school.
• When it comes to housing developments and overall community growth, Dublin City Schools has no zoning authority or the ability to assess developers impact fees for bringing more students and the associated costs to our district. We work closely with developers and the City of Dublin when we are made aware of new housing projects, but ultimately Dublin City Schools cannot control student enrollment growth. Our mission is to educate all the students who live within our boundaries.
I hope you have found these reminders helpful. Thank you for your support of Dublin City Schools. If you have any questions about taxes or any topic, please do not hesitate to email our Public Information Office at email@example.com.