Cincinnati Real Estate

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Kathy S. Koops GRI

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Are You Paying Too Much in Property Taxes?

filed under: Real Estate posted on February 5th, 2015

Property Tax Valuations








Are greater Cincinnati homeowners paying too much in property taxes?  A difference of opinion on how you and the tax man view the value of your property!

According to the National Taxpayers Union ….”Statistics vary by area, but experts estimate that between 30 and 60 percent of taxable property in the United States is over-assessed, and this leads to higher property tax bills. Middle- and lower-income taxpayers are among the most often over-assessed. Yet typically fewer than 5 percent of taxpayers challenge their assessments, even though the majority who do so win at least a partial victory when properly prepared.”  I’m not sure if our numbers are that high-but it’s worth noting if you feel your property is carrying an unrealistic high valuation.

March 31st is the last date you can file a complaint about your property value as of 1/1/2014.  The Board of Revision hears decides cases about your property’s value- not taxes.  The burden of proof is soley on the homeowner to prove a high valuation.  In the past many owners contacted Realtors(R) to run an Market Analysis as proof.  As the county auditor sites become more user friendly lots of people are pulling their own “data” and filing online through the state of Ohio.  Suggested documentation from local county auditors:

  • Recent sale of your property
  • Recent sale of similar properties near yours
  • An appraisal conducted for the purpose of your hearing.  (Note- appraisals done for refinancing may be of little to no value)
  • Please note: According to the Hamilty County Auditor  “Auditor property valuations for other properties near your property do not constitute constitute good evidence.”

Each of  the local county Auditors have detailed information available online:  Butler County, Clermont County, Hamilton County, Warren County.

Need help finding recent sales near you in the four county area- let me know.





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