The Auditor’s Office is required by the Ohio Department of Taxation to update property values in 2023.
County Auditors are required to perform a full reappraisal of property values every six years. During a full reappraisal, each property is visually inspected and each property’s value is determined on an individual basis. Montgomery County’s last reappraisal was in 2020.
Auditors are required to perform a market update three years after each reappraisal. That is called the Triennial Update, which we will be completing in 2023. During a Triennial Update, we adjust property values by neighborhood based on recent real estate sales prices in that neighborhood.