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OHIO ESTATE TAX RETURN and Allen County Auditor's  Form

OHIO ESTATE TAX RETURN and Allen County Auditor's Form

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hello and welcome to my Channel today I'm going to talk about an important topic that affects homeowners in Ohio property taxes the real property tax is Ohio's oldest tax it's been an ad valorum tax meaning based on value since 1825. so let's Dive Right In recently we've been seeing significant increases in property values and you might be wondering how is this going to affect your property taxes well every three years the tax commissioner in Ohio recommends property valuation increases based on the last year of home sales data this is required by state law additionally every six years County Auditors conduct a more comprehensive reappraisal of each parcel in the county here's an interesting tidbit different counties in Ohio operate on different cycles for example this year Summit County is getting a value update while Franklin County is doing a reappraisal in fact 41 counties in Ohio are being reevaluated for Value increases this year and this will impact property tax bills coming due

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