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Saturday, October 13, 2007

Monzel's Response - Property Tax Rollback

Q. Do you think the voters are “entitled” to a rollback, no matter how small it is? Or should the city keep the money, which totaled up might actually be spent on a public purpose that benefits everybody? Would it matter if the rollback amounted to $50 per property owner? $100?

A. As the major sponsor of this legislation for the past three years, I support the property tax rollback. Over the past 6 years, our homeownership rate has been steadily increasing from the mid-30% to a current 42%. The property tax rollback has been a factor in this increase. Keeping taxes low in Cincinnati will ultimately attract more homeowners, which will make our city grow and prosper.


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