I come from a conservative background, so I tend to be skeptical when government agencies ask for more money. I'm not a fan of throwing money at problems. After careful thought about the upcoming school levy for Crestwood schools, I've concluded that I am in favor of it.
Here's why: We have cheaper school taxes than 75 percent of Ohio based on Crestwood school taxes per $100,000 of property value. (Plain Dealer, 2010) We also have better schools than 76 percent of Ohio (Plain Dealer, 2014). Low taxes combined with good performance equals good value.
It leads me to believe that Crestwood can be trusted with more funding. Particularly because 30 percent of the funding comes from the state of Ohio. It's important to note that property value increases from having good schools may completely offset the levy cost. A 2010 Federal Reserve study found that above average schools led to a 2.3 percent increase in property values. Well above average schools led to a 4.5% property value increase.
The average home value in Mantua is $170,000, according to Zillow. That means the average home's value could increase $4,000 to $7,500. The levy on that home would be about $300 a year through 2023. That's less than $2,000. After that, the tax increase is cut in half.
The cost increase of giving our kids better schools may very well be offset by an increase in property values. Food for thought. The high school is going to need expensive repairs in the future. Do we want to waste that money on an aging building that needs replacement? Or spend wisely on a new one that allows better education and invests directly into our kids, our future, our community, and our property values? The choice is ours May 2.
Nate Adams, Mantua
From above:..We have cheaper school taxes than 75 percent of Ohio based on Crestwood school taxes per $100,000 of property value.....
GOOD...Let's Keep it that Way....