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Chillicothe cuts property taxes 15% to ease homeowner burden, saving $270K in 2025.
The Chillicothe City Council approved a 15% reduction in property taxes by eliminating 2.6 mils of the city’s levy, saving taxpayers about $270,000 for the 2025 tax year, to be paid in 2026.
The move, passed unanimously, aims to ease financial pressure on homeowners amid rising assessments from state-mandated reevaluations.
While the city cannot reduce funds for police and fire services, officials cited the need for fiscal responsibility after losing 850 jobs and $1.5 million in revenue from the closure of the Pixelle facility.
Mayor Feeney warned of ongoing financial strain, noting the tax relief offers limited benefit, but council members emphasized the importance of supporting residents and maintaining fiscal discipline.
Chillicothe reduce los impuestos a la propiedad en un 15% para aliviar la carga de los propietarios de viviendas, ahorrando $ 270K en 2025.