Downtown residents, developers savor ...

Downtown residents, developers savor property-tax break from city

There are 3 comments on the The Columbus Dispatch story from Mar 23, 2014, titled Downtown residents, developers savor property-tax break from city. In it, The Columbus Dispatch reports that:

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.

Join the discussion below, or Read more at The Columbus Dispatch.

“Zuzu's Petals”

Since: Sep 10

Bedford Falls

#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!

Columbus, OH

#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?

“Zuzu's Petals”

Since: Sep 10

Bedford Falls

#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.



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