Cincinnati Tax Matters
2132 T TTB city council 12.14.22
90-2022 TTB Ordinance 12.14.22
For over 20 years, the city kept its share of the property tax assessments “rolled back” from the 6.1 mills maximum established by the city charter.
In 2022, just before the increased property assessments took effect, the city council quickly and quietly eliminated the roll back and increased the operating millage rate to the maximum. There is some interesting history there that I will be reporting on soon in Episode 41 of” Citizen Watchdog with Todd Zinser.”
But to give you a sense of City Hall’s current philosophy when it comes to taxes, I am posting a page out of the city manager’s November 30, 2022, memo in which she recommended eliminating the roll back. The city council approved and the mayor signed the elimination of the rollback on December 14, 2022.
On page 3 of the memo, the city manager states:
“The current practice of setting the millage rate based on a fixed amount of revenue does not allow the city to experience revenue growth as the tax base grows.”
In other words, the city has been deprived of the experience of a property tax increase for way too long. As a result of that annoying rollback, the city is losing out on a whole lot of taxpayer money. So, let’s eliminate it. At least that is my interpratation of the memo.
The city manager’s memo and the ordinance signed by the mayor are posted above.
