Summit County Fiscal Office

  • Increase font size
  • Default font size
  • Decrease font size
Home News $4.64 million dollars to schools, community

$4.64 million dollars to schools, community

E-mail Print
Summit County Fiscal Officer Kristen M. Scalise CPA, CFE is pleased to announce that she will return $4,644,900 in tax dollars to local taxing authorities. School districts are the major benefactor of the refund, receiving a total of $2,986,840.99. The money is a credit of the Real Estate Assessment Fund and will be distributed in early May.

The Real Estate Assessment Fund is collected through the Auditor Division of the Fiscal Office. Following each state-mandated sexennial reappraisal, Ohio law states that moneys not expended for the purpose of performing assessments may be distributed back to taxing authorities if the credit exceeds $5,000. The Fiscal Office completed their sexennial reappraisal in August of 2014 with a credit of $4.64 million.

“This refund will come as a relief in a time when our communities and schools are facing cuts at the state level”, said Fiscal Officer Scalise. “I am proud of my staff for performing a responsible and cost-effective sexennial reappraisal.”

In accordance with Ohio Revised Code section 325.31, moneys to the credit of the Real Estate Assessment Fund must have approval of County Council before they can transfer to the taxing authorities. Fiscal Officer Scalise will present her proposal during the next committee meeting on April 6, 2015. Council is expected to approve the resolution on April 13, 2015.

The largest refunds will go to the Akron City School District, receiving $718,190.75; Hudson City School District, receiving $264,296.54; and Stow-Munroe Falls City School District, receiving $224,895.99. A list of taxing districts and the amount of their refund can be found here:

Local School Districts




Special Districts


Community Relations


Monday thru Friday
7:30 a.m. to 4:00 p.m.

Ohio Building
Community Relations
175 S. Main St., 4th Floor
Akron, OH 44308