How will the property value update impact commercial properties?

Adjustments will be made to the values of commercial properties based on the use of the property and the neighborhood they are located in. These value changes will be based on recent sale prices of similar, nearby properties.

The Ohio Department of Taxation has recommended a 13% increase in commercial property values in Montgomery County. However, commercial value changes are expected to vary significantly by property use (apartments, retail, office space, etc.).

All property owners who disagree with their value are welcome to schedule an informal review session to discuss their property in detail with one of our appraisers.

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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?