Posted June 13, 200718 yr I ahve heard rumours of an extra tax if you live in one of these two neighbhorhoods. Is this true? Can someone elaborate further?
June 13, 200718 yr I ahve heard rumours of an extra tax if you live in one of these two neighbhorhoods. Is this true? Can someone elaborate further? That doesn't make any sense. They are both in the city.
June 13, 200718 yr perhaps this person was discussing why they live in a suburb outside of the city i.e. Terrace Park. If that is the case, I understand that taxes in the city are more expensice. I jst wanted to make sure that other than the higher city tax, there is no additional higher taxes in these areas.
June 14, 200718 yr Local income tax is 2.1% in Hyde Park and Mt. Lookout, same as everywhere else in the city. Most cities in Greater Cincinnati have a 2% or higher local income tax. I think there is a table available on the city's website.
June 14, 200718 yr If you lived in a township before that had no income tax then moving to the city it would feel like it's an extra tax sure..lol
June 14, 200718 yr If you lived in a township before that had no income tax then moving to the city it would feel like it's an extra tax sure..lol If you live in a township, but work in the city, you are paying the 2% income tax.
June 18, 200717 yr Well, one certainly doesn't pay a higher percentage of income taxes if you live in Hyde Park or Mt. Lookout. Of course, since people in these neighborhoods tend to have higher incomes than others, and since these neighborhoods contain very desirable properties (and therefore one might find more persons here who work outside the city but choose to live in it); these two factor may result in HP and MtL generating more income tax per capita than other primarily residential neighborhoods in the city. But since the property values are greater in these neighborhoods than most, and since both of these neighborhoods are almost entirely built out (e.g. no new construction) and therefore the properties therein do not qualify for tax abatements that other high value property in the city may, then relatively speaking, yes the residents of these two neighborhoods tend to pay more in property taxes than others. You asked two different questions, one about income tax specifically and another about taxes in general, so I decided to respond to both.
June 18, 200717 yr See the link below for complete SW Ohio local tax information. This includes Dayton-area municipalities. Cincinnati's 2.1% is not the highest, and most cities of any size are at 1.75% or higher. http://www.cincinnati-oh.gov/cityfinance/downloads/cityfinance_pdf15467.pdf
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