February 18, 2015 / By Dave Dickerson, President/Partner

Real Estate Tax Appeal Deadline Fast Approaching

Tax Appeal Deadline

In today’s economic climate the old adage of a penny saved is a penny earned, takes on even more significance. Real estate taxes can be one of the largest operating expenses when owning and operating commercial real estate. This expense could also have a significant impact on the value of your property.

The county auditor is responsible for assigning a market value for all of the individual properties in the county. Every six years the county auditor appraises all of the properties to determine their market value. Every three years, the county auditor does an update known as the Triennial update.

The 88 Ohio counties have sent out notices of assessments which could result in changes to your or your clients’ tax bills for the next few years. Review your assessment carefully to see if your taxes are consistent with market valuations. The county mass appraisal process often uses comparable sales of properties that occurred up to 3 years prior to the effective date of value. This means that they may be using historical sales to value your property, which may or may not be relevant.

If you think your assessment is above the fair market value of your property, it’s not too late to challenge your 2014 tax assessment (Payable 2015). This may be the best opportunity to lock in tax savings for the next six years. If you feel you are being over assessed, you should consider filing a tax appeal. But before you file, have an analysis or appraisal completed as Ohio allows an appeal to be filed once during each triennial cycle.


If you need further information regarding the real estate tax appeal process or are interested in filing a tax complaint, please contact Cindy Hatton Tepe, 937/528-4006 or Kelly Fried, 513/707-1021. Cindy and Kelly are highly qualified professionals with excellent track records specializing in tax appeal and litigation support and can provide insight as to the value of your property.