Recently you may have read about the property reappraisal process in Franklin County.
Every six years, property values are reappraised by the Franklin County Auditor's Office. This year, property values countywide are expected to increase in most areas.
I would like to share a couple of key points with you regarding what the reappraisals mean for the Dublin City School District, which is primarily funded by local property taxes.
When property values increase in a reappraisal year, it does not mean a windfall for public schools.
In the 1970s, the Ohio legislature passed House Bill 920. This legislation prevents voted school tax issues from increasing with inflation.
For example, if an operating issue is approved by voters and generates a hypothetical $6 million per year, it can only ever generate $6 million per year.
The percentage increase in value of your property will not correspond to a percentage increase in taxes.
According to a recent story published in The Columbus Dispatch, taxes in Dublin are expected to rise about 1.3 percent compared with Grandview, for example, that will see a 4-percent increase.
Here are some additional bullet points that address common misconceptions regarding public school districts regarding and funding and growth:
School district property taxes
* All Dublin City School District residents pay Dublin City School District property taxes. The municipality, county, or township in which you live is irrelevant when it comes to school district property tax.
If you live within the school district's boundaries, you pay Dublin City Schools property taxes.
Residents of Jerome Village pay Dublin City School District taxes, as do residents of Columbus and Union and Delaware counties.
* The school district is funded primarily by local property taxes, while the city of Dublin is funded largely by a 2-percent municipal income tax paid by those who work in Dublin.
These two revenue streams are not shared between the agencies.
* Only about 10 percent of the district's funding is provided by the state of Ohio.
Community growth control
* It is no secret our school district is growing. We anticipate adding about 3,000 additional students over the next 10 years.
According to our master plan, we will need two more elementary schools, a fifth middle school and additions to two of our high schools.
With the acquisition of the former Verizon building, we do not anticipate needing a fourth high school.
* When it comes to housing developments and overall community growth, the school district has no zoning authority or the ability to assess developers impact fees for bringing more students and the associated costs to our district.
We work closely with developers and the city of Dublin when we are made aware of new housing projects, but ultimately, the district cannot control student enrollment growth.
Our mission is to educate all the students who live within our boundaries. I hope you have found these reminders helpful.
Thank you for your support of the school district.
If you have any questions about taxes or any topic, please do not hesitate to send an email our public information office at email@example.com.
Dublin City School District Treasurer and Chief Financial Officer Brian Kern submitted the School Notes column.