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 estimates impact of property revaluation on UA
If you have been watching the real estate market in Upper Arlington and many surrounding communities, you know that homeowners have been able to sell their properties quickly and for top dollar. So it’s no surprise that Franklin County Auditor Clarence Mingo recently announced local property values are going up.
Here in Upper Arlington, Mingo estimates the average property value will increase by 13.6 percent. When looking at all of the Franklin County school districts, Dublin City Schools has the smallest average increase in property values at 8.5 percent, and Grandview has the largest increase at 29.9 percent.
So what does the average 13.6 percent increase here in Upper Arlington mean for our property taxes? According to Auditor Mingo, it translates to an average increase of approximately 2.3 percent.
Many residents are surprised to learn that the percentage increase in taxes is lower than the percentage increase in property values. That discrepancy is due to a state law known as House Bill 920, which limits the amount of taxes a school district can collect on voted 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 in 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 the issue is approved, it would mean an increase of approximately $312 per $100,000 of home value as determined by the auditor’s office.
All homeowners will receive an individualized appraisal estimate from the county this fall. If you have any questions about your appraisal, you are encouraged to contact the Franklin County Auditor’s Office. If you have any questions regarding the proposed ballot issue here in Upper Arlington, please feel free to email firstname.lastname@example.org or call (614) 487-5030.
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