How do you determine the new property values?

We adjust values by neighborhood based on the prices of recent real estate sales in that neighborhood.

The value of each property in a neighborhood will increase or decrease by the same percentage, so property values catch up to recent sales prices in that neighborhood.

When adjusting values, our goal is to set a fair market value on your property: the amount it would sell for on the open market. 

The best indicator of the amount a property will sell for on the open market is the prices of similar properties in the same area in 2022.

If you do not believe that you could sell your property for the value set by our office, please consider participating in our informal review or formal appeal processes.

Show All Answers

1. What is the status of the county’s real estate market?
2. Why do you have to update property values this year?
3. How much are property values increasing?
4. How do you determine the new property values?
5. What neighborhood is my property in? What sales did you look at when updating my property’s value?
6. What role does the Ohio Department of Taxation play in this process?
7. What is my property’s new value?
8. When will these new values take effect?
9. What can I do if I disagree with my property’s value?
10. How will this property value update impact my property taxes?
11. How will the property value update impact commercial properties?