Dublin City Schools received nearly $700,000 from the Franklin County Real Estate Assessment Fund this week.
The office of Franklin County Auditor Clarence Mingo announced Aug. 11 it would give back $10.5 million to local schools, agencies and municipalities from the Real Estate Assessment Fund and Dublin City Schools got $693,334.
Money for the Real Estate Assessment Fund comes from a portion of property taxes set aside to pay for real estate appraisals.
A surplus built up during the triennial real estate appraisal process, a news release from Mingo's office said.
The surplus is being redistributed to local governments and schools in proportion to their tax bills.