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?
Correct Answer
A) The County Auditor may add the new value immediately, regardless of the reappraisal cycle
Under Ohio law, the County Auditor may assess new construction and improvements as they are completed, regardless of where the county is in the sexennial/triennial cycle. Building permits and inspections alert the Auditor's office to new construction, which is then added to the tax duplicate.
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