As Medina County homeowners receive their new reappraisal letters in the mail, county commissioners are weighing the possibility of rolling back some of the county’s property taxes.
Commissioner Steve Hambley said Medina County is at a “historic high” when it comes to property taxes, and a rollback could help ease the strain for residents. The county is anticipating a $3.6 million increase in “inside millage,” which is the portion of property tax that local governments can adjust without voter approval.
Hambley noted four Ohio counties have already rolled back their millage this year, and Medina leaders are considering whether to follow suit. “Given that opportunity, we ought to be having that conversation,” Hambley told the Medina Gazette.
What This Means for Your Wallet
Property values have climbed across Medina County, pushing up tax bills. For example:
– The median home value in Medina County is about $233,850.
– At the county’s current effective tax rate (1.53%), the typical homeowner pays about $3,537 a year in property taxes.
If county officials approve even a small rollback, it could save homeowners hundreds of dollars a year. For instance, reducing the effective rate to 1.4% would bring the average bill down to about $3,274, a savings of $300 per year, or roughly $25 per month.
While no final decision has been made, commissioners stressed they are reviewing all options to balance resident relief with county budget needs.
