Do Ohio Renters Pay Property Taxes For Schools?
Yesterday was election day and the community oriented Facebook pages were busy! And based on some of the comments it's apparent that there's some confusion regarding renters and whether they contribute property taxes. If some commenters had their way we'd be taking away renters' right to vote on school levies because "Renters don't pay property taxes!".
And that's both true AND false! Does a renter directly mail a check to the Warren County Treasurer or have funds held in escrow by the bank like "regular" homeowners? No, but indirectly they're doing the equivalent. While they may not own that rental home or apartment, someone (or company) does, and that someone pays property taxes just like the rest of us. That property owner knows what their expenses are, and while a renter has a lease that fixes the rental amount for the period of the lease, that rental amount is subject to change at lease renewal or with the next tenant.
So do you think the property owner is benevolent and just accepts the increased expense out of his pocket and is okay with making less profit? Maybe in the VERY short term, but like any business with rising expenses, you can bet first opportunity to pass that cost on to the renter, that monthly rental amount is going to go up to restore the owner's profit margin to an acceptable amount.
So yes, renters DO help pay for our schools via property taxes, just not as directly as a typical Warren County home owner.
And if you're a renter in the Warren County area and would like to own your home, we can help with that! Just contact us and we can get you started on the process of becoming a home owner!Liz and Bill aka BLiz