An analysis of real estate data by ABC Owned Television Stations shows that homeowners in majority-nonwhite neighborhoods ...

As cleveland.com explained, “As property values go up, the effective millage rates of [voted] levies generally go down to bring in the same amount of money that voters [had originally] approved.” ...

Despite ands, ifs and buts, Ohio House Bill 920 of 1976 does limit much property-tax growth. As cleveland.com explained, “As property values go up, the effective millage rates of [voted] levies ...

Local governments rely heavily on property tax revenue, Walczak explained. Without that revenue, funding for schools, roads, police departments, and fire and emergency services would all be at risk.

Instead, the money was applied to Gaynor's 2021 and 2022 taxes and not her outstanding balance from 2020, "leaving what is essentially a donut in her tax payment history," Barth explained.

Instead, the money was applied to Gaynor's 2021 and 2022 taxes and not her outstanding balance from 2020, "leaving what is essentially a donut in her tax payment history," Barth explained.

Today, the property tax is the primary source of tax revenue for local governments, responsible for 72 percent of local tax collections nationwide. That makes it hard to abandon without a ...

What To Know "Property taxes have been rising in recent years, including a 2.7 percent increase from 2023 to 2024," Joel Berner, senior economist at Realtor.com, told Newsweek.