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Franklin County treasurer recommends slight cut to 2025 property tax rate; public hearing required if court raises it
Summary
Treasurer Amy recommended a 2025 real-property tax rate of 0.183 — down from 0.184 — citing $231 million in new assessed value. The drop would lower tax by about $1 per $100,000 of assessed value; magistrates praised growth but asked for public notice and a scheduled hearing if the court considers higher rates.
Treasurer Amy told the Franklin County Fiscal Court on Aug. 12 that assessed real-property values rose to $4.1 billion, an increase of about $231 million from last year, and recommended setting the 2025 property tax rate at 0.183.
"The assessed value for real property is 4,100,000,000.0," Amy said in her presentation, and she told the court the Department for Local Government had calculated the compensating rate that would keep revenue flat. Her recommendation — 0.183 — would generate roughly $7,089,000 and reduce taxes by about $1 for every $100,000 in assessed value compared with the 2024 rate of 0.184.
The recommendation drew broad support from magistrates who credited growth and PVA work for keeping the rate flat or lowering it in recent years. Squire Tanner noted that without the county's growth the rate likely would have risen.
Will Rhodes, Franklin County property valuation administrator, told the court the bulk of this year’s $231 million increase is commercial: "a lot of that is from commercial, new build or fit out," he said.
Amy warned that if the court elects to adopt a rate higher than the compensating rate the county must hold a public hearing before voting to allow residents a chance to object. Several magistrates asked staff to schedule the required newspaper notice and a hearing if the court considers any rate above the compensating figure.
The treasurer’s recommendation and the court’s discussion led to a formal acceptance of the Franklin County Board of Health’s compensating tax resolution and other related budget transfers during the voting session. The court did not vote to adopt a rate above the compensating recommendation at the Aug. 12 session.
Next steps: staff will prepare public-notice language and coordinate a hearing should the court opt to consider a rate above the compensating rate.
