If My Property Value Goes Up, Why Doesn't School Funding Increase?

When your existing home's value increases, you might expect Twinsburg City School District to receive more property tax revenue. However, Ohio law limits how much revenue schools can collect from existing property tax levies.

Under Ohio House Bill 920, when property values rise, the effective tax rate on existing operating levies generally decreases. This means higher home values do not automatically generate more funding for schools. ( Source )

For our district, a continuing operating levy approved by voters in 1979 at 6.60 mills now has an effective rate of 1.40 mills* for residential and agricultural properties.

Meanwhile, the cost of educating students (including staff salaries, transportation, utilities and educational services) continues to rise.

The bottom line: Rising home values don't automatically mean more funding for the Twinsburg City School District, even as the cost of educating students increases.

*Note: The 1.40-mill rate reflects the effective rate for this levy, not the district's total property tax rate. Individual property tax bills may change for other reasons.

If you have questions regarding school funding, please contact Mrs. Julia Rozsnyai, jrozsnyai@twinsburgcsd.org or 330-486-2000.