Why doesn’t Mason get more tax revenue as home values in the district go up?
Because of state law. Ohio’s school funding system prohibits districts from benefiting from rising property values. As home values increase, state law prevents the district from receiving significantly more revenue without a vote of the citizens. District outside operating tax rates are decreased, or “rolled-back” to ensure that local property tax revenue for schools remains essentially flat from year to year. If not for H.B. 920 that “rolls back” previously voted millage, Mason would not have to ask for operating funds. Meanwhile, operating costs continue to rise, especially in growing suburban districts like ours.
