early 2017-street level imagery project began. started...early 2017-street level imagery project...

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Early 2017-street level imagery project began. Started

the entire reappraisal process. August 2017– reappraisal postcards mailed requesting

property data from Tax Payers. Early 2018-Appraisers in the field reviewing every

parcel. June 2019-reappraisal work completed, tentative values

submitted to the State of Ohio.

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With reappraisals that happen every six years, state registered appraisal firms’ employees physically visit each home in the county over approximately a two-year period to update property characteristics. The reappraisal process includes attempting to make contact with the property owner to discuss the property characteristics, such as land size/type, building size, age, type, quality, condition, room counts and other relevant data.

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What was involved in this exhaustive process? Street level imagery

Dwelling postcards/collection of data Field review of each parcel

Correction to deficiencies in data

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The county auditor’s office takes great care to ensure that property information is correct and that each property is assessed in a fair and uniform manner.

The office works to establish

neighborhood boundaries then looks at historic trends and actual sales over the last three years within these boundaries to determine the estimated fair market value of properties.

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Evaluated and categorized styles of houses

Evaluated and analyzed condition of dwellings

and outbuildings.

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Continued use of Market Modeling Analysis of comparable sales for like

properties Market approach applied to 23,438 parcels

of the total 53,500 residential properties, or 44% Valid sales only are considered

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The buyer and seller are acting in their own interest and are not relating in anyway.

The buyer and seller are not acting out of undue haste or duress.

The buyer and seller are both reasonably informed about ALL aspects of the property, its potential uses, and market condition.

The property has been marketed and made available to the market for a reasonable period of time.

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16,376

6,147

1,854 1,992 2,301 0

2,0004,0006,0008,000

10,00012,00014,00016,00018,000

TotalSales

TotalValidSales

2016 2017 2018

2018 Valid Sales2017 Valid Sales2016 Valid Sales

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Utilized 3 approaches to value:

Market Analysis Cost Analysis Income Analysis

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The estimated fair market value is used as the gauge when valuing property and setting the appraisal.

Fair market value is defined as the

most probable price each property would be estimated to sell for in an open market between a willing buyer and a willing seller, neither being under any pressure to buy or sell, and all parties having full knowledge of all relevant facts about the property.

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Property Class

2019 Value

Value Change

%

RES 4.9 B 530 million +11.9%

COM/ IND

1.3 B 30 million +2%

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14 -6 -4 -2 0 2 4 6 8 10 12 14 16

190180170160150140135130120110100090080070055050040030020015010

% of change by Taxing District

% of change

15 -2 0 2 4 6 8 10 12 14 16 18

340330320315310305300290280270266265260250240230225220210200

% of change by Taxing District

% of change

When the county announces the completion of tentative property valuations, notices are sent to homeowners and all records are made available for public inspection.

Homeowners that have questions

or concerns about their valuation have the opportunity to arrange a face-to-face meeting with a county representative to discuss their valuation. Homeowners are requested to submit documentation for any requested change.

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INFORMAL REVIEWS – SEPTEMBER 23 – OCTOBER 2 Opportunities for property owners to review their new tentative

values with county representatives Property owner to provide evidence

Residential Recent appraisal Purchase contract Settlement statement

Commercial/Leased Properties Rent Rolls Lease agreements Vacancy Expenses

To schedule a review, call 937-521-1890

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Once the valuations go through the feedback process, they are sent to the Department of Taxation for review and validation. This is yet another step in the process to ensure that valuations are fair, correct and follow accurate trends across each county.

The Department of Taxation has

the authority to request that each county modify their valuations if deemed necessary.

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Once valuations go through feedback process, Auditor’s office will review and submit back to the Department of Taxation for review and final determination.

Department of Taxation has the authority to

request that each county modify their valuations if deemed necessary.

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Effective January 1, 2019 tax lien date—taxes will be based on those 2019 values and will be reflected in 2020 tax bills.

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If you would like further information please contact our office at (937)521-1878. We are available Monday thru Friday- 8:00 a.m. to 4:30 p.m.

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