Property taxes are an ad valorem tax – meaning the amount of tax you pay is based upon the value of the property. The other part of the equation – the tax rate – is determined primarily by the voters.
In Ohio, county auditors are required to value all parcels of real estate at their fair market value. They accomplish this by deploying mass appraisal techniques on a set schedule. The chart below breaks down each county’s tax cycle. Every 6 years, each county conducts a full reappraisal of all real estate – this is referred to as the Sexennial Reappraisal. Halfway through that 6-year period, counties update their property values based upon recent trends in the real estate market – this is called the Triennial Update.
Check below to see when your county will revalue property for real estate tax purposes.
Bluestone Law Group 