Treasurer/CFO, Andrew Geistfeld
Mr. Geistfeld joined the Upper Arlington City Schools as Treasurer/Chief Finance Officer in November 2005. Prior to joining Upper Arlington, he was the Treasurer of the Olentangy Local School District in Delaware County. Mr. Geistfeld has served in public school districts since 2001 in various capacities. Before working for public schools he worked in the private sector as a Senior Manager with the accounting firm, KPMG.
Throughout his time in education, Mr. Geistfeld has been committed to being a good steward of public funds. He is Past-President of the Ohio Association of School Business Officials and a member in the Government Finance Officers Association.
Mr. Geistfeld is a graduate of the Upper Arlington City Schools. He received a Master of Business Administration from Mount Vernon Nazarene University and a Bachelor of Science in Business Administration from The Ohio State University. He also is a certified public accountant.
Franklin County Auditor shares how revaluation will affect property tax bills in UA
Upper Arlington homeowners will soon be receiving an appraisal estimate from the Franklin County Auditor’s Office.
Ahead of that mailing, we asked Franklin County Auditor Clarence Mingo to share more about what the average Upper Arlington homeowner can expect for their property values and how that will affect property tax bills.
Thank you to Franklin County Auditor Clarence Mingo for shedding light on this.
You might be surprised to learn from the auditor that the percentage increase in taxes will be lower than the percentage increase in property values. This discrepancy is due to a state law known as House Bill 920. This law limits the amount of taxes a school district can collect on voted operating levies. Essentially, as property values increase, the collection rate of levies is rolled back so that the total amount collected remains flat. Generally speaking, the only way school districts see an increase in property tax revenue is when voters approve a new levy.
This fall, Upper Arlington voters will consider a new operating levy combined with a bond issue that would fund the first phase of the community’s master plan. If Issue 43 is approved, it would mean an annual increase of approximately $312 per $100,000 of 2018 market value as determined by the auditor’s office. For the owner of a home with a market value of $400,000, it would mean an annual increase of approximately $1,248.
To learn more about Issue 43, please visit www.uaschools.org/Issue43.
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