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Revaluation

Revaluation : Procedures
Revaluation Sales Analysis
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Sales analysis is a vital component of determining market values during both a Triennial Update and a Revaluation.

The Auditor examines the specifics of properties in each property class (residential, agricultural, commercial, industrial and exempt) that sold during the last three-year period. He/she then looks for patterns of sales within the various neighborhoods throughout the county.

The Auditor uses this information, in part, when deciding if the current neighborhood boundaries (which were set during the last Triennial Update or Revaluation) should remain the same, or be redrawn based on what the sales patterns indicate.

This information also assists the Auditor in setting the land and building valuation schedules.

Click article link below for more information.



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Revaluation : Procedures
Steps in Determining Estimated Market Value
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Click the link below to view the steps in determining a property's estimated market value.

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Revaluation : Procedures
Mass Appraisal Revaluation Steps
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Click the article link for more information about the steps in the mass appraisal process.

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Revaluation : Procedures
Revaluation FAQs
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This section answers common valuation-related questions.

Click on the article link to view the information.



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Appealing A Property's Estimated Market Value
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Click here for more information on Appealing Propety Market Value


Revaluation : Market Value
Factors Influencing Market Value
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These factors have the greatest influence on a property's market value.



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Composite Glossary
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Click here to view the Composite Glossary.


Revaluation : Procedures : Call Back Card
Why fill out the Call Back Card.
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The callback card is the property owner’s opportunity to ensure the County has accurate information about their home.

 

The card also has space for informing the County Auditor of the property’s unique characteristics.



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Revaluation : Procedures : Call Back Card
What is the Call Back Card?
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What is it?

 

How do I get the information to the County Auditor?



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Revaluation
Revaluation Definition
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A revaluation is an update of all real property assessments in the county. It is conducted by the County Auditor. The revaluation’s goal is equalizing property values and adjusting property values to meet current market conditions.

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Revaluation : Procedures
Neighborhood
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Click the article link below for information on Neighborhoods.

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Revaluation : Procedures
Grade
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Click on the article link below for information on Revaluation Grades.

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Revaluation
Comparing Residential Property (Chart)
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Use this chart to compare your property to two other properties in your neighborhood to see if they are equivalent.

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Revaluation
Ohio's Property Valuation Cycle
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To see the six year valuation cycle, click here.



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Revaluation : Market Value
Market Value Definition
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Market value, or true value, is defined in the Ohio Administrative Code 5703-25-05 (A) (1) as:

The fair market value or current market value of property . . . is the price at which property should change hands on the open market between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having a knowledge of all the relevant facts.



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Revaluation
Ohio Laws
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The following Anderson's Ohio Law citations are used with permission from Lexis-Nexis.
 

The following pages contain references relating to Ohio’s taxation laws. This is not a comprehensive list.

The Ohio Revised Code contains the laws governing Ohio’s taxation processes.

The Ohio Administrative Code (Administrative Rules) contains the laws governing how the Revised Code’s laws should be applied.

To access any of these citations:

  • Write down the citation number
  • Click on the link below
  • Select either "Anderson’s Administrative Code" or "Revised Code"
  • In the Search box, type the citation number; then click the "Search" button


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