Downtown residents, developers savor property-tax break from city
Ahmed Mohyeldin and Wafa Abu Ghannam estimate the Downtown property-tax abatement saves them about $5,000 a year on the E. Gay Street condo they recently bought for $400,000.
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Since: Sep 10
#1 Mar 24, 2014
Must be out of their minds to buy in Columbus or either cannot afford Dublin, Upper Arlington, New Albany, etc. A neurosurgeon with rocks in his head!
#2 Mar 24, 2014
this is a slap in the face of every taxpayer in this city-why doesnt Coleman roll back the income taxm increase,if he can afford to give these rich folks tax abatements?
Since: Sep 10
#3 Apr 1, 2014
Property-tax Break Unfair To Other Residents
Friday March 28, 2014 5:07 AM
Columbus Dispatch Letter To The Editor
The Sunday Dispatch article Serious savings reported that the city of Columbus bypassed $8.3 million in property taxes to increase the number of people living Downtown.
As a property-owning taxpayer (should I say subsidizer?), I strongly object to this action by the city for the following reasons:
Those who can afford to live in these Downtown properties can very easily afford to pay the taxes.
If these residents did pay their property taxes, there would be less need for tax increases.
It seems that there is a conflict of interest, as Columbus Mayor Michael B. Coleman does own and reside in a Downtown residence.
I see why the City Council quietly extended the break just as it was about to expire, as noted in the article.
ELEANOR S. SMITH
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