Property Value Down = Taxes Up

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   When our property values go even further down because of the schools, will our real estate taxes go down since the property is worth less?

Property values increase with schools that offer many opportunities for students. When opportunities are eliminated, property values decrease.   If property values decrease, taxes will likely increase without a vote because the money the school receives from a levy must remain the same.  Therefore, a decrease in property value requires the taxes to be raised to generate the same amount of money.

Source: Middletown School Tax Levy Q&A

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John Beagle Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List MUSA Official Joined: Apr 23 2007 Location: Middletown Status: Offline Points: 1855	Post Options Post Reply Quote John Beagle Report Post Thanks(0) Quote Reply Topic: Property Value Down = Taxes Up Posted: Oct 15 2007 at 3:12pm
	When our property values go even further down because of the schools, will our real estate taxes go down since the property is worth less? Property values increase with schools that offer many opportunities for students. When opportunities are eliminated, property values decrease. If property values decrease, taxes will likely increase without a vote because the money the school receives from a levy must remain the same. Therefore, a decrease in property value requires the taxes to be raised to generate the same amount of money. Source: Middletown School Tax Levy Q&A
	John Beagle Middletown USA News of, for and by the people of Middletown, Ohio.