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Beavercreek Council Advances Proposal for 1% Income Tax, Paired With 50% Property‑Tax Reductions
Summary
The Beavercreek City Council voted to move Ordinance 26-10 to a second reading after a lengthy presentation and debate on a proposal to enact a 1% municipal income tax and eliminate half of identified property-tax levies; staff projected $19.6 million in annual revenue and highlighted an estimated $232.95 in annual savings per $100,000 of appraised value.
Beavercreek — The Beavercreek City Council advanced a proposal Wednesday to the next legislative step that would place a 1% municipal income tax before voters and eliminate identified property-tax levies representing roughly half of current city levy revenue.
City staff presented Ordinance 26-10, outlining a package that pairs a 1% income tax with a targeted 50% reduction in certain voted property-tax levies. Mr. Graham, who led the presentation, cited a Miami University model estimating that a 1% tax would generate about $19.6 million annually and said the change would reduce the city’s property-tax revenue by roughly $15.2 million. "In total we've got $232.95 of savings per $100,000 of appraised value," he said.
Why it matters: Council members framed the measure as a diversification of revenue away from heavy reliance on property taxes and as protection against a proposed…
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