How much are property values increasing?

As a result of recent record-high home prices, property owners should expect to see record-setting property value increases with this property value update. The Ohio Department of Taxation has recommended a 37% average increase in residential property values, and property owners can expect the countywide average value increase to be close to this recommendation. However, value changes will vary by neighborhood.

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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?