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Auditor and Taxpayer Coalition Back Bill to Limit Property-Tax Growth at 20-Mill Floor
Summary
Proponent testimony for House Bill 186 argued the bill would tie allowable revenue growth in districts at the state’s 20-mill floor to inflation (GDP deflator), restoring protections intended by earlier law and reducing rapid unvoted increases driven by soaring property values.
The House Ways and Means Committee heard proponent testimony on House Bill 186, which would change how school districts at Ohio’s 20-mill floor experience revenue growth by tying allowable increases to the cumulative rate of inflation between mandated valuation updates.
Chris Klein, chief deputy auditor for Lawrence County and a representative of the County Auditor’s Association of Ohio, told the committee HB186 would "break the automatic link between soaring property values and equally soaring property tax bills." Klein said…
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