When the stadium deal was agreed upon in 1997, Hamilton County homeowners were promised a 30% property tax rebate. This commitment was meant to compensate residents for supporting the funding of the stadium. However, this rebate has only been issued three times in nearly three decades.
Homeowners continue to bear a significant portion of county revenue responsibilities through property tax levies and other fees. These costs affect the residents who were initially promised relief.
Commissioner Alicia Reece is advocating for honoring the 30% property tax rebate. She emphasizes that keeping promises to homeowners is crucial for maintaining public trust and housing affordability in Hamilton County.
Reece’s position highlights the necessity of real property tax reform to keep Hamilton County an attractive place for homebuyers. The call for action is urgent, with REALTORS across Greater Cincinnati supporting her stance.
On June 26, 2025, Commissioner Reece abstained from voting on a non-binding Letter of Intent (LOI) concerning Bengals ownership. She stressed the need for a binding lease agreement that fulfills the original promise made in 1997—ensuring taxpayers receive their full share.
Commissioner Reece noted several concerns:
– The current agreement is not legally binding.
– The promise from 1997 remains unfulfilled.
– Legislation passed by Reece aimed at restoring the rebate has yet to see its full effect.
– The proposal lacks direct benefits for taxpayers despite increasing economic pressures.
– Overlapping lease deadlines could complicate future negotiations.
– Unlike other teams, such as the Cleveland Browns, there is no state support included for the Bengals.
Vada A. Stephens II serves as Chief of Staff for Commissioner Alicia Reece and can be contacted at vada.stephens@hamiltoncountyohio.gov or by phone at 513-946-4401.
