Property values
Property values are a direct result of market forces and yes the schools are a part of those market forces. When you have more homes for sale than there are buyers then your market value of your home drops. Pickerington currently has more homes for sale than they have buyers. However to say that the schools are a sole reason for property values is not TRUTHFUL. However it appears ''tactics are not important results are''.
My home which I keep in very good shape continues to only appreciate at around a 2% rate over the last 15 years. During that time my taxes have doubled. Mostly because of the schools constant need for more money.
Although the housing market is down at the moment it will come roaring back some day. I think the housing market surged (currently used a lot in conversations) because the lenders were very lax in their underwriting of new home loans it allowed a lot of people into the housing market that probably should not have been in that market. Now after the fact we find new homes sitting empty and we have existing homes sitting for years trying to sell. All of those forces drive the market values down. However the desire and demand for new homes over the last few years peaked because the market was artificially feed by poorly thought out lending policies and not the quality of our school system.
Stricter lending requirements from the feds and the state will slow these same market forces down allowing it to reach it appropriate levels and come down to the state average of less than 2% growth per year. Builders will not be able to roll into their loans inappropriate costs to artificially inflate the new homes value/costs and it will allow the existing homes to increase in value and actually allow our real estate value to increase to market demands without the unfair completion from the new home builders.
This will also benefit the school district because it will naturedly slow the numbers of new children coming into our district. Thus allowing longer time span between the need for new schools. Thus lower property taxes.
Fix's theory that commercial tax base will bail us all out is bogus thinking because most of than available lands they will be developed are NOT IN THE PLSD.
So do you as a township resident or as a city Resident are you willing to INVEST your tax dollars into projects that will benefit Canal Winchester schools or Bloom Carroll? We have the Mayor and three council members telling us that and we have the three Township trustee telling us that we are going to miss out on millions of dollars of FREE money. The same people telling us that are the same people trying to get these school levies passed. Check the front page of the TImes-Sun.
By DINK
Property values are a direct result of market forces and yes the schools are a part of those market forces. When you have more homes for sale than there are buyers then your market value of your home drops. Pickerington currently has more homes for sale than they have buyers. However to say that the schools are a sole reason for property values is not TRUTHFUL. However it appears ''tactics are not important results are''.
My home which I keep in very good shape continues to only appreciate at around a 2% rate over the last 15 years. During that time my taxes have doubled. Mostly because of the schools constant need for more money.
Although the housing market is down at the moment it will come roaring back some day. I think the housing market surged (currently used a lot in conversations) because the lenders were very lax in their underwriting of new home loans it allowed a lot of people into the housing market that probably should not have been in that market. Now after the fact we find new homes sitting empty and we have existing homes sitting for years trying to sell. All of those forces drive the market values down. However the desire and demand for new homes over the last few years peaked because the market was artificially feed by poorly thought out lending policies and not the quality of our school system.
Stricter lending requirements from the feds and the state will slow these same market forces down allowing it to reach it appropriate levels and come down to the state average of less than 2% growth per year. Builders will not be able to roll into their loans inappropriate costs to artificially inflate the new homes value/costs and it will allow the existing homes to increase in value and actually allow our real estate value to increase to market demands without the unfair completion from the new home builders.
This will also benefit the school district because it will naturedly slow the numbers of new children coming into our district. Thus allowing longer time span between the need for new schools. Thus lower property taxes.
Fix's theory that commercial tax base will bail us all out is bogus thinking because most of than available lands they will be developed are NOT IN THE PLSD.
So do you as a township resident or as a city Resident are you willing to INVEST your tax dollars into projects that will benefit Canal Winchester schools or Bloom Carroll? We have the Mayor and three council members telling us that and we have the three Township trustee telling us that we are going to miss out on millions of dollars of FREE money. The same people telling us that are the same people trying to get these school levies passed. Check the front page of the TImes-Sun.
By DINK
