Are you stunned by your property tax bill? In Ohio, many homeowners and businesses question the value placed on their property every year. But what can you do about it?
The good news is that you do not have to accept the valuation at face value. There are options available to challenge the assessment and lower your tax burden. In this short blog, let us explore the process of appealing a property tax valuation in the state.
Challenging a property tax valuation
In Ohio, landowners can challenge the county auditor’s property valuation once every three years. To do so, they must file a “Complaint Against Valuation” with the local county Board of Revision (BOR) by March 31 of each year.
The complaint form is available on county auditor websites or the Ohio Department of Taxation’s website. It’s essential to fill out the form accurately, as mistakes can lead to a case dismissal. Remember that when you file a complaint, you are contesting the value of your property as it existed on January 1 of the previous year.
Common reasons for challenging property values include declining market values, reduced rental income or damage to the property. You may have a strong case for a tax appeal if you recently bought a property for less than the county auditor’s value.
The complaint process involves a hearing before the BOR, typically lasting 15 to 30 minutes. Then, the board issues its decision within two to four weeks after the hearing. If you disagree with the verdict, you can always appeal to the local County Common Pleas Court or the state’s Board of Tax Appeals.
Pay the right amount of property tax
Appealing a property tax valuation in Ohio is a viable option for those who believe their property has been overvalued. Understanding the legal process, gathering evidence and presenting a solid case may lower your tax burden and help you save money.
Remember, staying proactive and vigilant about your property’s valuation is essential, as it can change over time. Consider seeking professional legal help if you need guidance or support throughout the process.
