2023 Levy Info

ALERT * * * ALERT * * * ALERT * * * ALERT

LOVELAND BOARD OF EDUCATION HAS VOTED TO PUT A 4.9 MILL LEVY ON THE BALLOT FOR THE SPECIAL ELECTION ON

TUESDAY MAY 2, 2023

This levy is a Continuing (aka PERMANENT) Property Tax Levy to collect $4,903,000 annually every year for the school.  It will raise your school taxes an additional 13%.

IMPORTANT:  DO NOT SIT THIS ELECTION OUT!

The property tax levy is the only issue on the ballot.  The Loveland School District is counting on you to not show up to vote.  Here is what you will pay every year for just this levy in addition to your other property taxes.

Market Value 1 year 3 years 5 years 10 years

of Home

$100,000 home        $172 more $516 more $860 more $1,720 more

$200,000 home        $343 more $1,029 more $1,715 more $3,430 more

$300,000 home        $515 more $1,545 more $2,575 more $5,150 more

$400,000 home        $686 more $2,058 more $3,430 more $6,860 more

$500,000 home        $858 more $2,574 more $4,290 more $8,580 more

$600,000 home        $1,029 more $3,087 more $5,145 more $10,290 more

$700,000 home        $1,201 more $3,603 more $6,005 more $12,010 more

Note: The treasurer of LCSD himself used “Zillow” average pricing as an example of the average home value in Loveland.  Zillow lists the approximate average home value in Loveland as $383,805

A 4.9 mill increase will cost the average homeowner an additional $656 per year. 

This is in addition to what property owners currently already pay in annual property taxes per the chart below.  60% of these taxes go to Loveland Schools:

HAMILTON COUNTY CLERMONT COUNTY WARREN COUNTY

MARKET VALUE Symmes Township City of Loveland Miami Township Goshen Township City of Loveland Hamilton Township

OF A  HOME Annual Annual Annual Annual Annual Annual

    Property Tax   Property Tax   Property Tax   Property Tax   Property Tax   Property Tax

$100,000 $2,273 $2,263 $2,139 $2,241 $2,223 $1,862

$200,000 $4,545 $4,526 $4,278 $4,483 $4,002 $3,724

$300,000 $6,818 $6,789 $6,417 $6,723 $6,003 $5,586

$400,000 $9,090 $9,051 $8,555 $8,965 $8,004 $7,449

$500,000 $11,363 $11,314 $10,694 $11,206 $10,005 $9,311

$600,000 $13,636 $13,577 $12,833 $13,446 $12,006 $11,173

$700,000 $15,908 $15,840 $14,972 $15,688 $14,007 $13,035

WHAT IS THIS LEVY FOR?

       This levy does not intend to bring back High School busing or add new potential teachers.  A Board Member has admitted that they have to show the union that the District is trying to get money by putting this ballot on again in May.  The District could have waited until November to put another levy on the ballot.  Whether a levy passes in May or November the school would receive no new money until 2024.  Waiting until November would have given our Board of Education more leverage when negotiating with the teachers’ union.  Instead they caved.

This levy is not about kids, it is about mismanaged spending and negotiating higher and higher employee contracts!

UNAFFORDABLE * * * UNSUSTAINABLE

VOTE NO!

EARLY VOTING BEGIN APRIL 4TH, 2023. 

ABSENTEE BALLOTS WILL BEGIN BE MAILED THE SAME DAY

For additional information on voting please refer to the VOTING INFO tab located on this website’s top bar.  You can find information on your county boards of elections, print an absentee ballot application, or get general information about the May 2, 2023 election.

What is an Earned Income Tax

Under the Earned Income tax model, anything that is subject to social security/Medicare tax is considered earned income.  No tax on capital gains, nor interest/dividends, nor gambling, nor stocks, nor profits from pass through profits.  There are special rules for S-Corporations and  Limited Liability Corporations (LLC"s).

What is an Income Tax

In Income tax model starts with your taxable income for Ohio minus your allowed exemption, which includes everything except Social Security and railroad retirement income.  Any other form of retirement income, or passive income is still taxable.  

Example

An individual has a home worth $200,000 for tax purposes.  Based on a 4.9 mil tax, this would be $172 per $100,000 on the house and will cost the home owner $344 per year.  That same person gets $20,000 annually in Social Security - not taxable under either income tax method.  That person also gets $10,000 annually from a different retirement source- not taxable under earned income, but taxable under straight income tax, and they work a part time job to pay the bills bringing in an additional $10,000.  

Lets compare :

Property tax method - $344 due in real estate taxes, that are permanent and are not reduced if income is reduced.

Earned Income tax method - at 0.25% rate, earned income of $10,000 will pay $25 per year, which will float with income.

Income tax method - at 0.25% rate, income of $20,000 will pay $50 per year what will float with income