A property in Franklin County, Ohio has a market value of $200,000 as determined by the County Auditor. Ohio assesses property at 35% of market value. What is the assessed (taxable) value of this property?
Correct Answer
D) $70,000
In Ohio, the assessed value of real property is 35% of the market value (ORC §5715.01). $200,000 × 0.35 = $70,000.
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Linda owns a home in Cuyahoga County, Ohio and believes her property has been over-assessed by the County Auditor. Which body should Linda file a complaint with to challenge her property's assessed value?