OH Sup. Ct. Concludes Property Tax Value Based on Market Factors, Not Specifics of Subject Property
PDF/Printer Friendly Version Uniformity of property values is necessary and, therefore, the market matters more than the actual property’s lease, or lack thereof Ohio law states that the value of real property, for property tax purposes, is to be determined with reference to the value of the real property “as if unencumbered.” The Ohio Supreme Court was asked by a taxpayer, Rancho Cincinnati Rivers LLC, to decide whether that “as if unencumbered” language meant that an apprai
Act Fast for Ohio Real Estate Tax Savings: Deadline Looming for "Covid-Complaints"
PDF/Printer Friendly Version Owners of Ohio property who wish to contest their 2020 real property tax values because the owners believe the property’s valuation should be reduced as a result of the COVID-19 pandemic’s impact on the valuation between January 1, 2020 (the normal lien date for value) and October 1, 2020 (the "pretend" lien date for value because of the new special law) should consider filing a complaint between August 3 and August 25 to preserve their rights to