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MOTION, dated 7/31/2020, submitted by Vice Mayor Smitherman and Councilmember Mann, The Property Tax Working Group (PTWG) was created by motion on September 5, 2018 to study trends related to property taxes. Especially important were, rising property taxes in areas experiencing significant levels of development, helping senior citizens remain in their homes and communities, and reporting on best practices of other cities and states.
WE MOVE that the above Tax Abatement Caps be approved by Cincinnati City Council. A previous Cincinnati City Council removed some caps for tax abatements when the national, regional, and local economy was very different than today.
(BALANCE ON MOTION ON FILE IN THE CLERKS OFFICE)
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