10/23/2026
Understanding Rising Property Values and the School District’s Renewal Levy
With the release of updated property valuations through Ohio’s triennial update, we understand that many community members have questions about how these changes may affect their property taxes.
It is important to understand that increased property values do not translate into a proportional increase in property taxes. Under recently passed legislation, such increases are significantly capped and tied to inflationary calculations (i.e. a 25% increase in property value does NOT mean a 25% increase in property taxes). Additionally, the property tax renewal that is on the November 3rd ballot lowers automatically as property values rise to generate the same $2.68 million annually.
Here are a few important facts:
🏫 The renewal levy generates a fixed amount. The levy on the ballot is a fixed-sum levy that generates $2.68 million annually. It is not designed to generate additional revenue as property values increase.
📉 Effective tax rates adjust. As property values increase or new construction is added to the tax base, the effective tax rate on a fixed-sum levy is adjusted downward to account for those changes.
📋 State law limits growth. Recent Ohio legislation, including House Bills 335 and 186, has introduced additional limits on property tax growth resulting from rising property values. These laws are part of a changing property tax system, and they have been passed and implemented to significantly limit property tax increases from rising property values.
What does this mean for next year? There is no direct, dollar-for-dollar relationship between the increase in your property valuation and an increase in your school district property taxes. Your actual tax bill is affected by several factors, including other levies, tax reductions, newly passed legislation, and changes in your property’s valuation.
We encourage residents to review their property information and learn more about the triennial update through the Richland County Auditor’s Office.
🔗 Richland County Auditor: https://bit.ly/3UerKWH
We believe informed communities make stronger decisions. We appreciate our community’s interest in understanding school funding and the property tax process.