CLEVELAND, Ohio – While schools are often the focus of property tax reform discussions by state lawmakers and others, it’s the cities that usually benefit more directly from increasing property values.
This is largely because cities, unlike schools, can embed property taxes into law as part of their charters.
Such charter taxes are immune from inflation guardrails put into place 50 years ago by House Bill 920 that limit how much typical taxes for schools, fire districts, parks and libraries can rise when home values increase…