A Mahoning County Commissioner contends that Ohio’s sales tax would need to more than double to replace property tax revenue used to fund schools.
Commissioner Geno DiFabio stated on Monday in a social media post that the state’s current tax structure would not support a full repeal of property taxes without a significant increase in other taxes.
DiFabio said the state's property tax system generates about $15 billion for schools annually. He contrasted this with the state's portion of sales tax, which is 5.75% and yields about $14 billion a year.
His analysis suggests that to cover the current school funding, the sales tax would need to increase. In Mahoning County, the current sales tax rate is 7.5%, while neighboring Trumbull County has a rate of 6.75%, and Columbiana County's is 7.25%.
Who wants a huge amount of property?
Solar farms, warehouses, housing development builders, Amazon shipping facilities, server farms, big box stores, industrial scale farms, factories etc.
Basically everyone that has incredible wealth to pay for every expense that comes with those projects, including property taxes, and the people who have reason to support them