Cincinnati property tax rate http://wvxu.org en Borrowing money for Smale park will likely mean no property tax decrease http://wvxu.org/post/borrowing-money-smale-park-will-likely-mean-no-property-tax-decrease <p>Cincinnati Council is expected to vote Wednesday to issue $8 million worth of bonds to finish another portion of Smale Riverfront Park.&nbsp; That borrowing likely will mean city homeowners will not see a decrease in a portion of their city property taxes.<br /><br />Issuing bonds is essentially the same thing as taking out a mortgage on a house.&nbsp; You get a large lump sum of money up-front and then pay it back over a long period of time.&nbsp; The city sets aside a portion of its property tax revenue to make these payments. &nbsp;<br /> Tue, 25 Mar 2014 16:14:49 +0000 Jay Hanselman 24666 at http://wvxu.org Borrowing money for Smale park will likely mean no property tax decrease Cincinnati property tax revenues to stay steady in 2015 http://wvxu.org/post/cincinnati-property-tax-revenues-stay-steady-2015 <p>Cincinnati residents should soon be receiving their property tax bills, and already city council is working to set the rate for 2015. &nbsp;<br /><br />The city still wants to collect about $29 million in revenue from property taxes for operating expenses, and so the actual tax rate will decrease slightly from this year. &nbsp;<br /><br />Vice Mayor David Mann tried to increase operating revenue by a half-million dollars, but his plan was rejected.&nbsp; He said it is about what resident expect.<br /> Mon, 06 Jan 2014 21:08:20 +0000 Jay Hanselman 21520 at http://wvxu.org Cincinnati property tax revenues to stay steady in 2015 Cincinnati Council approves budget; property taxes increase in 2014 http://wvxu.org/post/cincinnati-council-approves-budget-property-taxes-increase-2014 <p>The full Cincinnati Council has formally approved the 2013 city budget.</p><p>Most of the votes were 6-3…with Qualls, Young, Quinlivan, Seelbach, Simpson and Thomas voting yes and Sittenfeld, Smitherman and Winburn voting no.</p><p>Council didn’t vote Friday to approve leasing the operation of some city parking facilities to a private company.</p> Fri, 14 Dec 2012 14:59:33 +0000 Jay Hanselman 7107 at http://wvxu.org Cincinnati Council approves budget; property taxes increase in 2014 Cincinnati Council must set 2014 property tax rate soon http://wvxu.org/post/cincinnati-council-must-set-2014-property-tax-rate-soon <p>By mid-January Cincinnati City Council must decide how much property tax money it wants to collect for the 2014 budget year.&nbsp;<br><br>The vote will come as the body works to finalize next year's spending plan.<br><br>The rate must be set earlier because the city is changing from a calendar year budget to a fiscal one.&nbsp;<br><br>For the last decade Council has been holding the amount of property tax revenue collected steady or slightly reducing it.&nbsp;<br><br>A Council Member asked Budget Director Lea Eriksen this week what that's meant for the city.<br> Tue, 04 Dec 2012 20:26:57 +0000 Jay Hanselman 6730 at http://wvxu.org Cincinnati Council must set 2014 property tax rate soon