Property Tax Rebate

Bill Rinehart / WVXU

Hamilton County property owners may get a little less back on their property tax bill next year. The county administrator is recommending a lower property tax rebate (PTR) for 2018. The PTR was created to offset a sales tax hike to fund construction of Paul Brown Stadium and Great American Ball Park.

Hamilton County homeowners will get some more money back next year. Commissioners approved the full funding of the property tax rebate (PTR) Monday morning.

Provided / Hamilton County

Hamilton County Commissioners are expected to set the county's property tax rebate (PTR) amount for next year at a meeting Monday.  

Residential property owners were promised a refund as part of a ballot issue approved in 1996 to increase the sales tax by a half cent to pay for new stadiums.

Provided / Hamilton County

Hamilton County Commissioners have approved a slight increase in the property tax rebate (PTR) for next year, but they still aren't funding it in full.  

For every $100,000 worth of property value, Hamilton County homeowners will get about $46 back on their tax bills next year.

Hamilton County Commissioners plan to vote Wednesday on the size of the property tax rebate homeowners will receive next year.

The PTR was promised to taxpayers when the sales tax was increased to fund the new Reds and Bengals stadiums.

Commissioner Greg Hartmann is floating a plan that would fund the PTR at $12 million.

"This year the property tax rebate was $10 million distributed to people that own property in Hamilton County," says Hartmann. "Next year it will be $12 million, which will be divvied up. It's about $42 per $100,000 of (property) value."