Who determines property values?

The County Auditor is responsible for determining a property's fair market value as part of the calculation process. Fair market value is the amount a buyer and seller would be willing to agree to in an arm's length transaction on the open market. The Auditor uses fair market value to determine a property's assessed value, which in Ohio amounts to 35% of the fair market value.

Show All Answers

1. What are Real Estate Taxes?
2. Who determines property values?
3. What do mils on my tax bill mean?
4. Can you describe the calculations the Montgomery County Auditor uses to determine the amount of property taxes owed?
5. Are there ways I can reduce my property taxes?
6. I would like an explanation of how my tax dollars are being distributed. Could you explain this to me?
7. Who Calculates Property Taxes?
8. When are Taxes Due?
9. What were the property tax rates for jurisdictions in Montgomery County?
10. What is the Homestead Reduction Program?