Under Ohio property tax law, all of the following statements about the County Auditor's assessment duties are correct EXCEPT:
Correct Answer
D) The County Auditor may increase individual property assessments annually without a reappraisal year
In Ohio, property values are updated on a set cycle — a full sexennial reappraisal every 6 years and a triennial update in between. The County Auditor cannot arbitrarily increase individual assessments outside of these scheduled reappraisal or update years unless there has been new construction or a change in use.
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More Oh Property Tax Assessment Questions
David builds a new addition to his home in Medina County, Ohio. The addition increases his home's market value by $60,000. When will this new construction be reflected in his property tax assessment?
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Previous Question
Robert's Ohio property has a market value of $180,000. The County Auditor assesses it at 35% of market value. Robert qualifies for the Homestead Exemption, which exempts $25,000 of assessed value. If the local millage rate is 75 mills, what is Robert's annual property tax after the exemption?
Next Question
A property in Hamilton County, Ohio has a market value of $250,000 and the total effective tax rate is 2.1% of market value. The County Auditor assesses property at 35% of market value. What is the effective millage rate applied to the assessed value?