Homestead Exemption and Lake County Commissioners

LFC Comments by Brian Massie, Executive Director:

We have started our campaign in earnest to make politicians and the public more aware of the plight facing many Lake County seniors regarding the ever-increasing property taxes. Here is a portion of the Commissioners’ meeting held on December 30, 2021 where I ask for support from the Commissioners.

You may be interested in Commissioner Plecnik’s response. I believe that I have given him an issue that will be added to his campaign for Commissioner platform in 2022. He may also want to add that he supports a “chicken in every pot” for the seniors, and “pot in every chicken” for the younger generations, but I digress.

This is a link to Lake County Auditor Chris Galloway’s website that does a great job of explaining the eligibility requirements for the Homestead Exemption.

After the Commissioners’ meeting, I had the opportunity to speak to Auditor Chris Galloway about the Homestead Exemption, and he graciously agreed to provide the Lake County public record data on the Homestead Exemption. We would like to thank Auditor Galloway for helping us get the truth out to the citizens. Future post will provide statistics gleaned from the data provided by the Auditor.

We found the Lincoln Institute website that provided statistics that we considered beneficial.

https://www.lincolninst.edu/efficient-equitable-tax-systems

From their website we found this interesting history. Lake County residents will surely recognize the name Lincoln Electric.

“The endowment has its roots in the wealth generated by Cleveland inventor John C. Lincoln, who founded the Lincoln Electric Company in 1895 (NASDAQ: LECO). As a young man, Lincoln had the opportunity to learn of Henry George and George’s views on the property tax and social equity. He wanted others to learn of these ideas, so he established the Lincoln Foundation in 1946. His son, David established the Lincoln Institute in 1974 and in 2006, the two separate entities were merged into a single, private operating foundation. This is the structure in place today.”

https://www.lincolninst.edu/research-data/data-toolkits/significant-features-property-tax/state-state-property-tax-glance/property-tax-data-visualization#state=OH&table=&row=

“This data visualization tool allows users to compare a wide range of property tax statistics and key features of each state’s tax system. The State-by-State Property Tax at a Glance narratives summarize highlights, key features, and history of state property tax systems, and provide valuable context for the companion visualization tool.”

We were interested in seeing how the State of Ohio compares to other States as it relates to how local jurisdictions generate their revenue. Ohio is exactly in the middle of the pack at #25 when comparing the use of property taxes to generate income for the various political subdivisions.

Rather than overwhelm the reader with statistics on one post, we will continue to provide details on the aging population and property taxes in other articles.

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Categories: Lake, Real Estate Taxes, Uncategorized

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