$35M in real estate assessment funds returning to cities, school districts

CUYAHOGA COUNTY, Ohio — A total of $35 million in real estate assessment funds are going back to “cities, school districts, and other taxing authorities” within the county, Cuyahoga County Executive Chris Ronayne announced in a press release Thursday. 

Officials said it’s the highest ever amount that was returned following a reappraisal process.

“Thanks to an efficiently run Fiscal Office, we are able to return millions of dollars to municipalities and school districts, supporting local services and education,” Cuyahoga County Executive Chris Ronayne said in the release. “This benchmark moment in fiscal responsibility demonstrates our commitment to doing right by taxpayers.”

The county states that they originally collected the money for their sexennial reappraisal process but that they managed to reduce costs and improve efficiency, completing the project early and under budget.

“By embracing innovation and rethinking how to better serve residents, we are finding new opportunities to support our communities,” Cuyahoga County Fiscal Officer Michael Chambers said in the release. “Returning these funds will provide meaningful support to local budgets and help uplift our schools.”

Officials said this money will be distributed by the end of this month.

“This action follows a comprehensive review and reflects the administration’s ongoing efforts to enhance public trust, improve operational efficiency, and deliver value to residents,” the release reads.