Will defeating the levy reduce our property values?
This is a misconception based on the false assumption that higher school taxes equate to better schools. In fact, high property taxes hurt property values and Loveland’s school property tax is already high.
According to Ohio Department of Education data our 2019 effective residential millage rate was higher than 85% of the districts in the state, including Indian Hill, Lakota, Kings, Mason, Milford and Sycamore. The additional 6.95 mill levy would move Loveland above over 94% of the districts in the state, including Wyoming, and within a quarter mill of Madeira. From a property value perspective, a 6.95 mil tax increase will cost an additional $20.27 per month on a $100,000 home. A prospective buyer would then have that much less to apply to a mortgage payment, which equates to having $4,752, or 4.8% less to spend. High taxes reduce home values and drive out businesses.