October 17, 2023
Dear Community Member:
As you may know, the year 2023 is a property re-appraisal year for Geauga County.
To support community understanding of how changes in property values impact property taxes and school district revenue, the following information was presented by the Chardon Schools Treasurer's Office to the Chardon Board of Education at the Oct. 16, 2023 regular board meeting.
We invite you, our valued Chardon Schools stakeholder, to review the resources to gain insight on important questions you may have:
Facts vs. Fiction: Property Values & Reappraisal Impact for Chardon Schools
Changes in Property Values: How Do Changes Impact Property Taxes & School District Revenue?
CONTENT:
What changes in real estate values have occurred and are projected?
How does change in valuation impact tax rates?
Does valuation change impact District property tax revenue? Total revenue?
What is the impact for taxpayers?
How has District real estate tax revenue impacted district total revenue?
How does District revenue compare to inflation? (CPI)
If you have any questions following the review of the above information, please contact me and I will be glad to assist you.
Thank you.
Sincerely,
Treasurer/CFO
Chardon Local Schools
440.285.4052