23 out of 88 Ohio’s counties recently adjusted the tax values of properties located in those counties for TY 2022 (taxes payable in calendar year 2023). Have you checked whether the value of your Ohio property changed? Is the County Auditor’s valuation of your property fair and reasonable as of the January 1st 2022 tax lien date? Property owners should regularly check the County Auditor’s website to ensure that their properties are correctly valued – after all, no one wants to pay more in property tax than is fair.
Value reductions may be appropriate for a number of reasons, including: lower sales prices whether on account of a decline in demand for certain types of property (office buildings or retail space), the impact of Covid-19 and related state-issued orders (hotels, movie theaters, entertainment venues), property damage (windstorms, fire or flooding), or interest rate hikes (cool off of the multi-family apartment market). Properties that sold in recent, arm’s-length transactions for less than the Auditor’s posted value are prime candidates for a tax valuation reduction.
Bluestone Law Group has worked for more than 20 years with local county assessors and Boards of Revision across the state of Ohio to lower our clients’ tax bills through the tax valuation appeal process.
The deadline to challenge your property’s tax value is March 31, 2023.
Interested in learning more about ways to reduce your property’s value? Please contact our office as soon as possible. We will help you to file the necessary paperwork with the county before the deadline.
Call us at 614.220.5900 to schedule a FREE 15-minute phone consultation about your case.
(We also regularly handled matters involving damaged/destroyed properties as well as tax exemption applications for childcare centers, private/charter schools and religious facilities. Damaged/destroyed property and tax exemption applications generally need to be filed no later than December 31, 2023.)