CINCINNATI -- Hamilton County commissioners partially delivered on a promise made to homeowners nearly two decades ago when they approved a partial property tax rebate Wednesday.
A promised full rebate of $70 a year per $100,000 of home value was proposed in 1996 to get voters to approve a half-cent sales tax increase to fund the downtown stadiums' construction plans. The problem was after their construction, the stadiums never generated enough money to fund the full rebate.
This year though tax payers finally got a rebate of $35 for $100,000 of property value. That equaled a 50 percent cut in tax bills. Wednesday's approved rebate increased the cut another 20 percent to $45.97 per 100,000 of valuation on property.
Commissioner Greg Hartmann contributed the ability to hand out at least partial rebates to the current performance of both the Reds and Bengals.
"The teams I think in a new era are helping to pick up some of those costs," said Commissioner Greg Hartmann.
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