Warren County Ohio Real Estate News and Observations

Should You Vote YES On The Next School Levy?

Let's open a can of worms.  It's time for some food for thought on what can be a heated topic!

 

Let's say a local school district has a tax levy on the next ballot.

That levy IS NOT a renewal of an existing levy, but an INCREASE if passed.


Do you vote Yes or No?

If you're seriously anti-tax, you've already decided haven't you?  It's an automatic NO.  Those folks wanting MORE of your money can just go _________________ (censored).

 

But for MOST people it's still probably an IT DEPENDS. 

You need more information before deciding YES or NO.

 

So that levy increase works out to $175 annually PER every $100,000 in home values.  Since the majority of homes selling in the school district are $200-300,000, the average homeowner will be out of pocket $350-525 extra a year.  Maybe a bit more for you, maybe a bit less.

 

That MAY be all the information you need to decide. 

You can afford it, it's good for the schools, etc.  YES it is.

But maybe you're on a tight fixed income.  The meat on the bone has gotten pretty slim.  An extra $500 a year may make a big difference to you, so as much as you'd like to support the schools, you just can't afford any more and like it or not, you either have to vote NO or consider what changes you'd have to make (up to selling your home). 

But let's say you CAN afford the levy, but you're still on the fence about which way to vote.

What else do you need to consider?

Do you have kids in the schools?  Then most likely if that levy fails it's going to impact you directly.  You know the deal, the administration states either we get the levy passed or X program(s) goes away.  Your kid gets charged a higher fee for a sports program.  The Gifted/Talented program gets axed.  The club your kid just LOVES goes bye.  Or maybe the bus service to your neighborhood gets cut.  Either directly or indirectly, you're paying for the result of the levy.

 

Don't have kids in the school or they're long gone?   WHY am I going to shell out my hard earned dollars for someone else's rug rats? 

There's a couple of ways to think about that.  Others without kids helped fund the schools YOU went to back in the day.  And the kids of today are going to be the doctors, mechanics and business owners of the future...assuming we give them a good enough foundation to get there.

 

Well why can't the state just up the funding for the school??  Well where does the state funding come from?  Our state taxes, right?  So any "extra" spending comes with new taxes (just like the upcoming increase in gas taxes).  So again, you're paying one way or another.


And there's one more important factor to consider.  As local real estate agents there's one thing we've seen firsthand, and that is as school reputation goes, so goes property values. 

When Little Miami school district residents rejected 8 straight school levies in the late 00's and early 10's, the home values plunged considerably worse than adjacent school districts.  The recession was bad enough, but couple the recession with the uncertainty of the school situation and buyers avoided the area.  It became MUCH tougher to sell, so while neighboring areas saw a drop of about 10% in home values, Little Miami was losing closer to 15%.

You might argue you have no plans to move, so SO WHAT if your property value drops.  It's just a paper loss!


So there's the food for thought.


Do you vote Yes?  Or do you vote No?

 

Serving Warren County Ohio home buyers and sellers,

Bill of Bill & Liz aka BLiz

 

Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
Bill Direct:  513-520-5305
Liz Direct: 513-265-3004     
Fax: 866-302-8418

MailTo:  Liz@LizSpear.com

Search Homes:  Https://WarrenCountyOhioRealEstate.com

Our Website:  www.LizTour.com

 FacebooktwitterWordpressYouTube Pinterest

 

 

 

 

OUR SERVICE AREA:


View Liz Spear Team of RE/MAX Elite Primary Service Area in a larger map

Comment balloon 1 commentLiz and Bill Spear • April 18 2019 11:33PM
Should You Vote YES On The Next School Levy?
share
Let's open a can of worms. It's time for some food for thought on what can be a heated topic! Let's say a local school district has a tax levy on the next ballot. That levy IS NOT a renewal of an existing levy, but an INCREASE if passed. Do you… more
Affordable Mason Ohio New Construction Homes In 2019
share
For some time if you wanted a Mason Ohio new construction home you needed to have a budget of at least $400, 000, and realistically more like $500, 000 and up. That's the type of homes that Drees, Fischer, John Henry and other builders were providing… more
Holiday Gifts From Drees Homes in Greater Cincinnati!
share
Drees Homes is ready to give you a fantastic gift for the 2018 holiday season! They've got move in ready new construction homes in Greater Cincinnati with early Black Friday type pricing! We're seeing some significant discounts on a wide… more
Don't Buy A Fischer New Construction Home Without Reading This!
share
Just about ready to buy a Fischer Home in the Greater Cincinnati area? STOP!!! But just for a moment! If you're ordering a built to order home, continue on (right after you select an agent to help you). But for the rest of you considering… more
The Walls Are Built, 5 Tiny Homes On Their Way!
share
N o, we haven't switched from being real estate agents to specializing in tiny homes! Sure there's demand for these affordable homes, but that's not what this morning was about! No, it was time for the annual Build The Walls event at Christ's… more
Build The Walls Event May 5 2018 Christ's Church Mason Ohio
share
Got an itch to help people have their own home? Then grab your hammer and head to the annual Build The Walls event at Christ's Church Mason on May 5, 2018. It's really humanity at its best. Tired of watching people fight on Facebook? THIS is the… more
Drees Woodside Park Townhomes For Sale Amelia Ohio
share
Drees Homes is building affordable new construction townhomes in Amelia Ohio! Located off 125 and east of 275, these Drees townhomes in Woodside Park are VERY affordable! With starting prices currently as low as $156, 100, you can easily finish… more
Loveland Ohio New Construction Patio Homes Coming Soon!
share
As your area patio home real estate agent specialists, we're always watching and listening for new opportunities for our clients and future clients. While other agents may be spending their Saturday nights out having a good time, your engineer… more
Fischer Homes Paired Patio Homes For Sale Florence Kentucky
share
Fischer Homes is offering a new type of housing in Florence Kentucky's Whitestone Links community. Fischer Homes is calling this new housing type "paired patio homes". As an agent with a specialty in Greater Cincinnati low maintenance… more
New Construction Cincinnati Patio Homes In 60 Days Or Less!
share
Normally if you want a new construction Cincinnati patio home, it's a 5-7 month process. Pick community, pick plan, pick options, contract, approve prints, tweak design options, wait for the home to be built and eventually you move in! Township… more