If so, you may end up paying too much in property taxes. Did you know that the average market price for homes in Franklin County Ohio has decreased over the past year? Did you know that you can dispute your tax assessed value?
If you believe the market value of your home is less than the Franklin county auditors total assessed value, you have the right to dispute your tax assessment. Last tax year, a 3 member board processed more than 6500 dispute applications. You could possibly lower your taxes by hundreds, if not thousands of dollars.
Typical resolution time of a tax appeal in Franklin county can take up to 6 months. One way to expedite the process is to get a real estate appraisal from a third party appraisal service, such as Buckeye Appraisals, located in Hilliard Ohio.
"The Columbus board of realtors reports the average market sales price has decreased by $22,318 since 2006 (as of September, 2009)."
Unfortunately, Franklin County Tax Appeal applications are only accepted from December through March 31. You cannot apply for a tax appeal until after you have received your latest bill from the Franklin County Auditor.
How to Appeal your Property taxes in Franklin County:
* STEP 1: Visit the Franklin County Auditors Site to check the current total assessed value of your home. Click Property Search > search by name, address or parcel > Area sales activity > Get report > Compare your home to similar sales in the past 3 to 6 months.
* STEP 2: Order a real estate appraisal of your home conducted by a local, state licensed professional appraiser. I recommend Buckeye Appraisal Services in Hilliard, Ohio.
* STEP 3: Download (PDF) and print the complete BOR Application form.
* STEP 4: Once you have received your appraisal report from Buckeye Appraisal Service, you can email it along with the BOR application form to the Franklin County Auditor for review.
REMINDER: Appeal applications are ONLY accepted from December (after the tax bill is mailed) through March 31.
It just takes a little bit of work, and you could save money on your taxes starting on your next bill which will carry over until the next time they review your assessment which is typically every 3-7 years.