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City manager outlines 2027 tax budget and explains effect of county reappraisal
Summary
City manager Graham presented the 2027 tax budget and explained that a county reappraisal raised average property values about 17% but statutory caps mean the city expects roughly a 2% revenue change under current funding assumptions.
City manager Graham presented the city’s 2027 tax budget during the July 27 meeting and framed the presentation around state statutory requirements under Ohio Revised Code sections 5705.28 and 5705.281.
Graham explained the county reappraisal increased average property values about 17%, but legislative caps limit growth on inside millage and changes to the 20‑mill floor mean most levies will not see a direct windfall. "The average value in Beavercreek went up 17%," Graham said, and he walked the council through how the indexing and inside millage caps reduce the immediate revenue impact to the city. Under the current funding model and assumptions presented, staff projected about a 2% change in city revenue related to valuation and other factors.
He outlined the budget timeline — public budget hearings on Nov. 16 and 18 and final presentation to council on Dec. 14 — and highlighted major budget drivers including property taxes, capital projects tied to the five‑year CIP, personnel costs and a marijuana excise tax budgeted at $300,000.
